POTENTIAL BEARISH CYPHER PATTERN EURUSD
EURUSD BEARISH
1. There is cypher pattern on 60 min which indicates bearish trend, which come along with long term trend.
2. When we move to higher time frame (4 hr). There is higher time fib confirmation at 50% retracement which is also cypher pattern entry and there is RSI divergence.
3. But only market moves up to 1.0869 then only we can enter cypher pattern.
4. There is another scenario which show now that if market doesn't move up then it might go to level 1.0719 because now market us near major support 1.0822 and there us pin bar which shows market might go down from here.
1. There is cypher pattern on 60 min which indicates bearish trend, which come along with long term trend.
2. When we move to higher time frame (4 hr). There is higher time fib confirmation at 50% retracement which is also cypher pattern entry and there is RSI divergence.
3. But only market moves up to 1.0869 then only we can enter cypher pattern.
4. There is another scenario which show now that if market doesn't move up then it might go to level 1.0719 because now market us near major support 1.0822 and there us pin bar which shows market might go down from here.
Trade closed: target reached