Forex Positive

EURSD massive bullish cypher

FX:EURUSD   Euro Fx/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

=====
www.ForexPositive.com
Twitter @ForexPositive
=====
russelldaily
2 years ago
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.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out