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candle
Sep 28, 2018 8:26 AM

EURUSD [ H4 Cypher Pattern ] Long

Euro Fx/U.S. DollarFXCM

Description

Order Price-1.1595
Stop Loss-1.1510

Target 1- 1.16790
Target 2- 1.1731

## Rollover Stop Loss to the breakeven after TP1 is taken.

Trade closed manually

Comments
ICmarkets
Nice idea on EURUSD and there may be bullish potential as you have identified. Similarly, I have identified a support level for the bounce. Currently, it has broken the 1st support that I have identified and is testing the 2nd support level at 1.159, with a 76.40% Fibonacci retracement. This is similar to the order price you have identified. Stochastic has also bounced off its support at 2.8% and thus a corresponding bounce may occur. If a potential bounce does happen, we can then keep a close eye on the horizontal swing high resistance at 1.169, with a 61.8% Fibonacci retracement. Looking forward to seeing how things develop.

Please have a look at my idea and share with me what you think.


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