StevenH
Long

EURUSD CYPHER update

FX:EURUSD   Euro Fx/U.S. Dollar
Just an update on a chart i posted last week that explained that i was short EURUSD             on the ABCD pattern and looking to reverse the position on the completion of the cypher pattern . Well the moment has ARRIVED!! Atleast i hope it has... lol im about 4 pips from hitting targets on my ABCD pattern which is going to be around 202 pips and reversing my position to long EURUSD             on the cypher pattern completion. Needed this win, makes up for a rough week last week.

Thanks for viewing my trade idea, feel free to leave any questions comments or constructive criticism in the comment section.

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jorge.ayerdi
a year ago
Hi I think is a good trading idea but your SL is too risky!! In your place I would set it around 1.0960's. Good luck!
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StevenH
a year ago
Hi jorge

Thanks for your comment and i agree that the stop loss is large and i try to adjust my position size in order for my account to withstand the blow if it ends up being a loss, i always place stops at least 20 pips below x for advanced patterns. In my humble opinion, i believe having stops around the 1.0960s just wouldnt give me quite enough breathing room. Best of luck to you aswell my friend
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