EUR.USD - Bearish Bat & Cypher Setup - 1.0630 & 1.0752

FX:EURUSD   Euro / U.S. Dollar
On the EUR.USD 1hr chart we 2 potential trade opportunity's at the D leg completion of Bearish Cypher & Bat setup.

Bearish Bat Setup ( Grey ) - D leg completion 1.0630
Target 1 - 1.0586
Target 2 - 1.0559

Bearish Cypher Setup ( Blue ) - D leg completion 1.0752
Target 1 - 1.0662
Target 2 - 1.0606
Comment: Learn to trade the Bat setup

Comment: Learn to trade the Cypher Setup

Tom, I think we are heading to the 1.0790 after a test of 1.0550 area
+1 Reply
TomHall biologycarbohydrate
@biologycarbohydrate, It is certainly possible, hope all goes well next week.
Looks like it's getting ready to hit the short sell target...
+1 Reply
TomHall AlexJaensson
@AlexJaensson, It certainly does, let's see how it plays out in the coming hours.
Dear Tom , Thank you for sharing , may I ask how you determine your entry to the trade ie : first study time frames , from 1 M , down to 1 D , Then on which time frame do you then determine your entry ? Thank you very much ...
@Juankl, Hi, my pleasure.
Every month i analyse the Monthly, the same with the Weekly and Daily, once i have my have my overall direction i will then work my way down to the 4hr & 1hr TF's to execute.
Juankl TomHall
@TomHall, Hi Tom , makes clear sence , and thank you for the reply and for sharing ! Much appreciated ! please have a wonderful weekend , and may all be blessed in abundance !
@Juankl, No problem at all, you too.
Thanks Tom, having followed 'simple' fibonacci concepts I'm trying to learn about other set ups and this is really useful
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