Siyabonga_Ngcobo

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

Long
FX:EURUSD   Euro / U.S. Dollar
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.

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