AliAsad
Long

EURUSD, 240Min (Interesting).

FX:EURUSD   Euro Fx/U.S. Dollar
129 6 4
Trend is bearish , however a potential counter trend trade is possible if a double top is formed for the retest of previous structure, giving us a very nice risk to reward ratio, along with bullish divergence. if the bullish momentum continues it will lead to a potential bearish bat pattern . If the market breaks structure to the downside, we can expect a rally to .127 extension of the down leg, hence completing the C, Leg of a potential cypher pattern .

Related Ideas

stream
4 months ago
trend is bearish but needs another 2000 pips correction
Reply
benhamad stream
4 months ago
yes i thank
Reply
AliAsad
4 months ago
Dude 2000 pips ????
Reply
stream AliAsad
4 months ago
1.37
Reply
AliAsad stream
4 months ago
Oh, yes i agree. So you are suggsting to go long ?
Reply
stream AliAsad
4 months ago
absolutely
Reply
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