Patrick246

A Bullish Cypher patter forming on EUR/USD

Long
OANDA:EURUSD   Euro / U.S. Dollar
EUR/USD has been ranging from the beginning of 2018. The market has been contracting in a Symmetrical Triangle. It is possible the complex corrective wave is a bullish Cypher pattern but when it hits the PRZ further price action + volume analysis would give a clearer picture.

Cypher Ratios are:
XD Retracement: 78.6%
AB Retracement: 38.2-61.8%
BC Extention: 113.1-161.8%

I usually look for a structure to determine Stop Loss
and take profit. Look for a Risk: Reward of 1:2

Comments

Patrick246 Patrick246
@Patrick246, UPDATE, a confluence of a bullish shark and crab pattern
Reply