The Cypher // The Hiden Shark // Eventual double top / IF=THEN ®

FX:EURUSD   Euro / U.S. Dollar

We all know about the 1.11600 Cypher , but there's one "hidden" Shark that can appear once completed the Cypher , with target close to Weekly resistance (W1), in fact that target can give us a double top if close below the previous Higher High. (left red circle);

Long the Cypher once completed;
Short the Shark once completed;

Point B:
38.2% to 61.8% XA
Point C:
127% to 141% ext XA
Point D:
78.6% XC
TP1 38.2% CD
TP2 61.8% CD

Point B:
61.8% XA attention to the retracement! Must stay in the 61.8% and then start to fall
Point C:
113% to 161% AB (synced with Cypher point D)
Point D:
161% to 224% BC (Eventual Double top )
88.6% to 113% XC
38.2% to 100% CD

Definitions of a Double top:


Safe trades;
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