TomHall
Long

EUR.USD - BULLISH CYPHER SETUP - 1.0553

FX:EURUSD   Euro / U.S. Dollar
On the EUR.USD 1hr chart we have a potential long opportunity's at the D leg completion of bullish Cypher setup.

The price reversal zone on this pair is between 1.0553 & 1.0518
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.

Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets back into the 1.0659 resistance level
Stop loss would be placed below X leg structure support .

Target 1 - 1.0603
Target 2 - 1.0635
Comment: A pullback to trendline at 1.0619 is expected
Website: http://www.HallandCoTrading.com
Instagram: http://www.Instagram.com/HallandCoTrading
Twitter: http://www.Twitter.com/Tom_H_Official
Facebook: http://www.Facebook.com/HallandCoTrading
StockTwits: http://www.StockTwits.com/TomHall
Amazing, thank you tom
Reply
Hi Tom
take a look at daily EU is getting ready to bounce
+1 Reply
TomHall Apple22
@Apple22, Nice setup, for me personally it wouldn't fit my rules to trade but certainly something to watch.
Reply
Hi Tom,

Is that setup still valid ? PRZ Zone Didn't cross...
Reply
TomHall PasinduRashmika
@PasinduRashmika, Hi,
It is still valid until the market exceeds the C leg.
Reply
@TomHall, Thanks for your reply sir...
+1 Reply
TomHall PasinduRashmika
@PasinduRashmika, My pleasure, have a great day.
Reply
Hi TomHall, isn't BC leg rallied to high in this case?
+1 Reply
TomHall layyarx
@layyarx, It all depends on the rules you have an the software you are using, there is some discrepancy between TV charts and MT4
Reply
Hi , Tom! Great setup!

May i ask is it correct in GBPJPY it's 1.272 and >1.114 retracement, but with Fib retracement tool, not with Fib extension tool!? Thank you!
+1 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 Signal Finder Cryptocurrency Signal Finder 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