TheForexSamurai

Waiting here on the EURUSD

TheForexSamurai Updated   
FX:EURUSD   Euro / U.S. Dollar
4
There could be a potential Bearish Cypher Pattern formation here on the EURUSD HR4. As of now price action is doing its C point. A candle giving me a higher high higher close will give me a reason to long this market and TP at the B point upto the completion itself
Comment:
On the HR1 TF. Either wait for the ff:
1. Bullish Divergence
2. Double bottom (candle close)
3. BO of small upper TL
Comment:
Comment:
We are still waiting for a candle higher high, higher close to go LONG.
Comment:
this may be a good spot to buy since the previous HR4 candle did close just inside the zone for our C point of a potential bearish Cypher. There is also a pending deep crab pattern waiting below.
Comment:
Comment:
This may be a good spot to buy since the previous HR4 candle did close just inside the zone for our C point of a potential bearish Cypher. But beware that we could go still further down upto 1.00. There is also a pending deep crab pattern waiting below.
Comment:
A BO above the zone may be a good candidate to go LONG.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.