Tijmen_K
Short

EURUSD Cypher/Butterfly pattern

FX_IDC:EURUSD   EURO / US DOLLAR
Drawed the (potential) cypher pattern earlyer this week.
Today i saw a (potential) butterfly pattern also.
I will wait for the price to come up to that level and will execute the trade when the price comes to the D point of the Butterfly pattern (blue one) for the best risk/reward.

Stoploss has been set some pips above the previous structure.
Target is on the .618 extension of the C to D leg, there is some structure on this level though.

Lets first see what the market going to do and IF it goes upside these days!

Good luck.
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