TomHall
Long

EUR.USD - BULLISH CYPHER SETUP @ MARKET - 1.0745

FX:EURUSD   Euro Fx/U.S. Dollar
On the EUR.USD Weekly 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 1.0745 & 1.0506
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 1.1450 resistance level
Stop loss would be placed below X leg structure support .

Target 1 - 1.1074
Target 2 - 1.1284
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i found that the combination of structure and advance patterns are more accurate . I have bought at same point active, lets wait and see. Good luck
+1 Reply
@WyFotso, It certainly is, the more confluence factors the higher probability.
Have a great week.
Reply
Hi Tom, just found this post of yours. :) We see Euro is doing really badly. Is this bullish Cypher setup still valid? Thank you.
Reply
TomHall TOP willzhang6
@willzhang6, Hi,
It is still a valid bullish setup.
Reply
willzhang6 TomHall
@TomHall, Great you say so and thanks for the reply. I am trapped in this pair but still do not want to admit its a failed trade..
Reply
TomHall TOP willzhang6
@willzhang6, My pleasure.
We all lose trades it's part of trading, if it is against you and it no longer is a valid setup in your rules, simply close it.
Reply
willzhang6 TomHall
@TomHall, thanks again. It nearly broke my bottom line of my long position which is 1.05... USD has been in rally for 3 weeks and there is not any correction so far, I really do not understand it. :(
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