Could the bounce off 1.4140 see another move up to the 1.44500 area?
The structure forming at the bottom might be suggesting a new pattern forming, but from that support area, it might be worth a long position with a good RR ratio
This cypher pattern was drawn a little early, after the 'C' candle had formed, I thought it looked possible to make the pattern.
I rode this up from 'C' level retracement to the 0.382 point and took profits.
I'm now back in long and hoping it completes the journey to point 'D" ( or therabouts)
For anyone wishing to trade this - please note, This is my first...