JonathanBarnicoat

Potential Cypher to go short on EURUSD

Short
FX:EURUSD   Euro / U.S. Dollar
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2
Cypher on the 1 Hour TF on the EURUSD . Personally, I have backtested with 3 targets on the cypher pattern and so trade it that way however you should always stick to your plan.

Target 1: 1.1261
Target 2: 1.1237
Target 3: 1.1199

For the stop loss, I use the average true range tool, set to a period of 7.

Good luck!
Order cancelled: Market moved down, and invalidated the C point.