EUR.USD - Bearish Cypher Pattern

FX:EURUSD   Euro / U.S. Dollar
On the EUR.USD 15 min chart we have a potential short opportunity at the D leg completion of a Cypher Pattern

The price reversal zone on this pair is between 1.0875 & 1.0887
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.

Fibonacci Cluster:
0.786% - 1.0875
1.272% - 1.0877
1.414% - 1.0873

Potential targets for the Cypher Pattern placed at the .382% and .618% retracement of the C to D move.
Stop loss would be placed above X leg structure resistance .
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+1 Reply
TomHall Eugene_Titov
Thanks Eugene
Absolutely amazing, perfect! ;)
+1 Reply
TomHall masagrooove
Thanks very much, appreciate the feedback.
What is your typical risk to reward? 1:1.5?
+1 Reply
It all depends on the trade setup and timeframe, however it will never be less than a 1:1 risk reward.
Target 2 now attained.
Position closed +56.5 pips
You didn't leave a single pip for the market.
+1 Reply
TomHall DerekUweri71
Unfortunately this doesn't happen every time, but it is always nice when it does happen ;-)
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