Hi Traders, here we have a potential long opportunity. EURUSD has presented us with a nice Cypher Pattern.
We also have Fibonacci confluence, 61.8% and the 78.6% Entry level falling right in the middle of a 1.272 Fib Ext and 1.414 Ext.
We have some structure looking left which we may see the previous resistance act as support.
As always trade your rules, Entries, Stops and initial targets on screen
We also have Fibonacci confluence, 61.8% and the 78.6% Entry level falling right in the middle of a 1.272 Fib Ext and 1.414 Ext.
We have some structure looking left which we may see the previous resistance act as support.
As always trade your rules, Entries, Stops and initial targets on screen
Comment:
We now have a Gartley as well as the Cypher which is great fro probability - and if we break this level we have a BAT Pattern
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Entry level Hit
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Keep an eye out for reversal - the lower structure is a better opportunity. Either way if you look for Double Bottom retest in lower time frame we may get a better entry level here.
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Just wait for entry - we will definitely favor the lower Structure. BAT Pattern entry level
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Hmm well thats why we hold on entry for longs when USD is so strong.