J_Graystone

EURUSD Shorting Opportunities

Short
FX:EURUSD   Euro / U.S. Dollar
187 views
16
For anyone looking for a short on this pair, there is a nice Fibonacci cluster built up in the 1.0779 to 1.0787 area which directly lines up with an ABCD completion, a CYPHER pattern completion and a nice level of previous structure.
Keep an eye on this level if we see price action make it into that zone.

Comments

Jason, great analysis with many things lining up, so like the structure. Just one thing to check - on my data the Cypher C point is past the 1.414 extension, but realise FX data can be different.
Cheers
Reply
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