EURUSD 4HOUR - BULLISH CYPHER COMPLETION Long

Euro Fx/U.S. DollarFXCM

Description

⋅ Nov 9, 2018 1:05 PM

After yesterdays news/non-news which we call the FOMC statement. We've seen some of the USD pairs push lower. The push lower on the EURUSD as allowed price to complete what is called a Bullish Cypher Pattern

Akil

Comments

paulsandhu

⋅ Nov 10, 2018 12:06 AM

Beauty. DXY prints a lower high today w/ a bear cypher (confluence)
E.U. also puts in a lower high (which could qualify as a 'whammy' double bottom (naked trade) formation.

Akil_Stokes

⋅ Nov 11, 2018 9:40 PM

@paulsandhu, Be careful with judging what happens on one pair off of what's happening on another

TanveerAlam

⋅ Nov 9, 2018 1:34 PM

SL ?

Gl3n

⋅ Nov 9, 2018 2:14 PM

@TanveerAlam, 113% XA is an option for SL

TanveerAlam

⋅ Nov 9, 2018 3:40 PM

@Gl3n, sorry new with patterns

Gl3n

⋅ Nov 9, 2018 3:50 PM

@TanveerAlam, you are allowed to ask questions! It is actually the right place.
XA is the first leg of the pattern

TanveerAlam

⋅ Nov 12, 2018 7:20 AM

@Gl3n, stop loss hit

Akil_Stokes

⋅ Nov 12, 2018 12:15 PM

@TanveerAlam, Boom!

TanveerAlam

⋅ Nov 13, 2018 8:27 AM

@Akil_Stokes, i should be feeling bad about it because the pattern failed

Akil_Stokes

⋅ Nov 13, 2018 10:37 AM

@TanveerAlam, Nop,e not at all. You should only feel bad if you did something wrong.