moneymaking
Long

EURUSD: Bullish Cypher pattern almost complete

FX:EURUSD   Euro / U.S. Dollar
Potential Cypher Pattern forming on 60 min chart. The market is near the 78.6% retracement of the XC leg, look for bit more conformation before taking the trade. We might also look for the market to be oversold near the D point completion. Stops can go 10 to 20 pips below the X point.

Trade setup:
1. Choose position size lot based on your preference
2. Long at 78.6% retracement of XC leg (D point completion)
3. 1st target is 38.2% retracement of CD leg
4. 2nd target is 61.8% retracement of CD leg
5. Once 1st target achieved, move stops to break even

Trade Safe and Good Luck to all !!
Well done mate.
Reply
Thank You, I really appreciate it. :)
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out