Description
⋅ There is a potential Bearish Cypher in EURUSD completing at 1.1044. Stop is above X, target 1 at 38.2 retracement (1.1021), target 2 at 61.8 (1.1007).
Trade active
⋅ Trade active now, filled at 1.1044, let's see if it will be a winner.
Trade closed: target reached
⋅ Target 1 reached for +15 pips. Stop moved to breakeven and we are in a risk free trade for the second half of the position.
Trade closed: target reached
⋅ Second target also reached for +29 pips. Note, we had to measure 38.2 and 61.8 along with the price action after the entry.