darcsherry
Long

EURUSD UNDER THE CIPHER LENS

FX:EURUSD   Euro / U.S. Dollar
Presently enjoying 105pips profit run from our last broadcast on this pair (see link below for reference purposes). See below our anticipated plan to follow the psychology of the market.

Tendency: Uptrend ( Bullish )
Structure: Harmonic ( Cypher ) | Descending Channel
Observation: i. Point B retracement of the primary XA leg lies at an approximate of 0.618.
ii. Point C falls within the 1.272 projection of the primary XA leg.
iii . 0.786 retracements of XC @ 1.08000 zone confirms completion of the harmonic pattern at point D.
iv. A Descending channel is observed crashing into the demand zone .
v. Expecting a rally from Demand zone as Price action test this zone with engulfing bearish candle.
vi . Price slicing above our Moving Averages on lower time frames.
Trading plan: BUY opportunity with a minimum potential profit of 700 pips.
Risk/Reward: 1/4
Potential Duration: 15 to 20 days

Watch this space or Telegram channel for updates on lower time frames as price action is been monitored.


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Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by Nirvana Trades & Investments for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and NFTI takes no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
NFT&I does not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.

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