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TheForexSamurai

H1/H4 - LONG on a pattern trade and OB setup..

Long
Euro / U.S. Dollar (FX:EURUSD)  
TheForexSamurai Updated   
FX:EURUSD   Euro / U.S. Dollar
Harmonic Patterns
4
0
harmonicpatterns
An opportunity to long/buy here with a possible double pattern confluence of Gartley and Cypher. To have a valid Cypher price must retrace atleast 61.8% of the Cypher's XC leg and must not retrace atleast 78.6%. If it does, it would invalidate the possible bull gartley setup that would be a possible confluence to a potential bull Cypher setup. Trade with care and at your own risk.
Comment:
Setup complete. Now we could wait for confirmation to long or aggressively long with 1:1 RRR as seen above.
Comment:
A divergence has been formed on the H1 and H4.
Trade closed: stop reached
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