is setting up a cypher pattern
at 1.1039. I would be very cautious with this one, should price action come down to complete the cypher
there is a major resistance area
@ 1.1136. In most cases, I would take profits at the . 382 retracement
of the CD leg which comes in @ 1.1164, but with such a major resistance level
coming in before first targets I will be looking for a more conservative entry such as a double bottom
or a pattern on a lower time frame to get a tighter stop and a better Risk/Reward profile.