Get started
Siyabonga_Ngcobo

Two Cyphers on the EURUSD for a Back to back play.

Long
Euro / U.S. Dollar (FX:EURUSD)  
Siyabonga_Ngcobo  
FX:EURUSD   Euro / U.S. Dollar
stopandreverse Harmonic Patterns
1
0
stopandreverse harmonicpatterns
The EURUSD is giving pattern traders confidence with two cypher patterns. the PRZ of the Bulish cypher lines up beautifully with a possible repeat aggressive C trade setup for the bigger bear cypher pattern in blue. If we have price rally up we could take a short at the PRZ of the big bear cypher pattern which completes around 1.2678. This trade setup is another potential good example of a stop and reverse trading strategy.

Good Trading Guys

Related Ideas

Siyabonga_Ngcobo
2 CYPHER'S AND A BUTTERFLY ON THE EURJPY
Siyabonga_Ngcobo
Possible cypher giving us bearish potential on the EURUSD
Siyabonga_Ngcobo
Advance setup: the S&R at the PRZ of the Bear Bat today
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.