moneymaking
Short

EURUSD: Cypher pattern near completion on 60 min !!

FX:EURUSD   Euro / U.S. Dollar
*UPDATE: Trade invalidated by the market, out with small loss*

Hello Traders,

We've got a bearish cypher pattern that has just completed with a good risk/reward. Note that this is a counter-trend trade since the short-term trend is bullish . Cypher patterns have a high winning percentage, so therefore I am willing to take this setup. Most of the time the risk involved in cypher patterns is more than the reward but in this setup it's completely the opposite . See the chart for more details.

Good Luck :)
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