StevenH

CYPHER watch on EURUSD

FX:EURUSD   Euro Fx/U.S. Dollar
Here on EURUSD             i have already sold the C-leg of this cypher because of the ABCD harmonic move and the .127 fib extension, also RSI was overbought when i went short. We could see a retest of the .127 next week which would be a good opportunity to get short with the target being the D-leg of the cypher pattern and then i will be reversing my position to get long on the completion of the D-leg. Upon completion stop loss will be below X-leg and target will be the .382 fib retrace around 1.106.

If you have any questions or constructive criticism about this strategy or any of the posted trades i make feel free to leave them in the comment section
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