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KamalFX
Apr 14, 2016 7:16 AM

EURUSD CYPHER PATTERN X DEMAND ZONE Long

Euro Fx/U.S. DollarFXCM

Description

EURUSD IS NEAR COMPLETION OF A CYPHER PATTERN COUPLED WITH A FRESH DEMAND ZONE. THE MARKET HAS BEEN MAKING HIGHER HIGHS AND HIGHER LOWS AND HAS NOT YET BROKEN A MAJOR LOW SO WE ARE STILL BULLISH. IF PRICE DOES EVENTUALLY BRAKE THE MAJOR LOW I WILL BE OUT OF THE TRADE.

Comments
a.b
Point C did not touch the 1.27 ext. so technically it's not a Cypher... Agree on the rest
KamalFX
Yeah unfortunately price didn't hit the 1.27 extension so it is technically not a cypher pattern, but it missed it by less than 2 pips which is within my rules.
KamalFX
My mistake I have done it incorrectly
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