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huskay
Aug 3, 2017 5:19 AM

Bullish Cypher awaited Long

Euro Fx/U.S. DollarFXCM

Description

After we have met the long TP as a trend continuation trade, I am now awaiting a bullish cypher in case up-trend channel is broken to the down side. Momentum of up-trend is slowing down based on bearish RSI divergence on the 4H time frame.

In case Criteria is men on D level without violating the Cypher pattern entry rules, will be expecting a long position from there.

Comment

Targets are close to be hit:

Target 1: Fib 0.382 - 1.18180
Target 2: Fib 0.618 - 1.18530

Trade closed: target reached

Target reached at the 0.382 Fib level (1.1818)
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