Here on the 1hr chart of the EURUSD
we have a situation that i really like. We have a bearish
and a bullish cypher
pattern setting up. The reason i really like this situation is because no matter what the market decides to do i have an opportunity to trade my plan and possibly make a profit. With these patterns entry will be on the D- leg as shown on the chart and stops will go above X- leg, profit target will be around a .382 fib retrace.