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kct-perspective

EUR/USD - Potential Bullish Cypher

Long
Euro / U.S. Dollar (FX:EURUSD)  
kct-perspective  
FX:EURUSD   Euro / U.S. Dollar
Support and Resistance Cypher Bullish Cypher EURUSD
5
0
supportandresistance cypherpattern bullishcypher eurusd
Bullish Cypher Criteria
  • The B point retracement: 0.382 and 0.618 of XA,
  • The C point retracement: 1.272 to 1.414 of XA,
  • The D point retracement: 0.786 of XC

Overview & Summary
  • TP 1: 1.14239 based on 0.618 fibonacci retracement ( Short Term Target)
  • Risk to Reward 1:2
  • Support at 1.1300 (from 15 Aug 2018 - 1 Nov 2018)
  • Appears to be a channel between 1.13 - 1.18 (from 30 May 2018 - 9 Nov 2018)
  • Potential for long term gains
  • Enter at your own risk and always ensure you have a risk management strategy
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