Cypher completion at previous resistance levels.
TP1 & TP2 at 38.2% and 61.8% retracement levels respectively.
Stop loss to be placed 10 pips below point X.
We're past the PRZ but we can still enter the trade and take profits at 3 different levels
The 3 levels are at the 38.2%, 50.0% and 61.8% retracement levels.
Previous structure support and resistance are found at the same levels.
Stop loss would be placed 10 pips above point D.
I'd trade this pair with extra caution this week due to a couple of big news release...
Bearish gartley pattern followed by a bullish gartley pattern on the daily TF.
PRZ with inverted doji candle present, signaling uptrend.
1st TP at 0.9407 (38.2% retracement with STRONG previous structure support and resistance found at the same level).
2nd TP at 0.94727 at the 61.8% level.
Stop loss at 0.9235.
Double bottom with bullish divergence found on the hourly TF. RSI Oversold level at 1.5467.
PRZ at 1.5329 (61.8% retracement with previous structure support and resistance found at the same level).
You could do a SHORT to the PRZ, before a BUY.
I would place my SHORT stop loss at 1.5477. LONG stop loss at 1.5232.
Possible 1st LONG TP Level at 1.5477. 2nd TP at 1.5528
