Forex Positive

EURSD massive bullish cypher

FX:EURUSD   Euro / U.S. Dollar
Alright traders! This is the weekly chart of EURUSD             . And i see a massive bullish cypher forming. This bullish cypher is about as big as it could possibly get.

Long EURUSD             1.2460-70
SL below 1.2400
TP 1.2700

Twitter @ForexPositive
Right you are. A weekly engulfing candle may form by the end of the week. Will the cypher actually complete after the FOMC news today. Don't know but I would watch out for the resistance at about 1.2780 or so. Either way, a trade I think needs a little more development. I don't look at the weekly charts much but it seems, after seeing your chart, I should. Good call.
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