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Timcqueen
Dec 29, 2017 9:23 AM

Monolithic Bear Cypher OPP Long

Euro Fx/U.S. DollarFXCM

Description

While recently taking several bullish trades on this pair, I noticed a monolithic pattern forming that may prove to be profitable if it can turn over for a bearish retracement once the Bear Cypher pattern is fully formed. Let's see what unfolds. RSI indicates overbought conditions which indicates a possible drop to structural support. I am aiming for targets there.

Trade closed: stop reached

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