On the EUR.USD 15min chart we have a potential short opportunity at the D leg completion of bearish Cypher setup.
The price reversal zone on this pair is between 1.0642 & 1.0657
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around 1.0593
Stop loss would be placed above X leg structure resistance.
Target 1 - 1.0619
Target 2 - 1.0606
The price reversal zone on this pair is between 1.0642 & 1.0657
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around 1.0593
Stop loss would be placed above X leg structure resistance.
Target 1 - 1.0619
Target 2 - 1.0606
Trade closed: target reached
Comment:
EUR.USD - x2 Bearish opportunities at 1.0630 & 1.0752
Comment:
A pennant formation forming, a potential short opportunity.