TradingView
WirmachenTrader
Jan 30, 2016 4:31 PM

WATCH AT MARKET OPEN: BULLISH CYPHER ON $EURUSD AT MARKET Long

Euro Fx/U.S. DollarFXCM

Description

Not too much to say about this potential setup. The pair is in a sideways consolidation for quite a long time (see my last outlook on the daily timeframe attached below).
The market formed another advanced pattern in form of a bullish cypher pattern which completed on Friday. If the market opens at the same levels, there will be the opportunity to give it a chance, IF it meets your personal trading rules!

Stops below X
Targets at 38,2 and 61,8 % Retracement of the C-D leg. (see marked price levels)

-Have a good week of trading!

Comment

Target 1 hit, moved Stops to Breakeven

Trade closed: target reached

Target 2 hit.
More