Must be National Cypher Week with all these Cypher Pattern Opportunities
A lot of consolidation on this pair causing many potential patterns to emerge. One for the crosshairs is this Cypher in blue.
For those who trade this pair, we are at entry point for a 2618 trade looking for a 127 extension for targets.
EURUSD Bearish Gartley Pattern with Good Risk to Reward
Nice Cypher Pattern potentially setting up IF the price action completes the D leg at around 0.94362
Potential Bullish Bat Pattern Completion at around 1.91330
Bullish BAT Pattern potentially setting up
The D Leg Just completed for an opportunity to short this pair
Price action is coming into 2 levels of previous resistance and both levels are leg completions of these two patterns. If D completes on theBAT, it will invalidate the Cypher however, if the price action retraces from the first level, completing the C leg of the CYPHER, there could be a good shorting opportunity at 0.77990
If this BAT completes, the D leg will be right a previous resistance levels making this a good R:R trade.
Potential shorting opportunity if this BAT completes at 178.075 for Day Trading
Bearish BAT setting up for a potential short order at 178.075 for day trading.
potential short entry opportunity at 119.100 on this pair if this cypher pattern completes.
If we can get completion down at the 786 this morning, it would complete this cypher and it might be a nice opportunity for a rally during the London Open.
Bearish Bat Pattern potenital with perfect AB=CD Structure.
All this consolidation is great for pattern traders. 2 successful pattern trades in a row with the 3rd being a bearish cypher possibly completing today for the hat trick if the D Leg Pushes past the B Leg!
2 Patterns in one with Stops in same place.