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 1.0766 & 1.0784
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 1.0708
Stop loss would be placed above X leg structure resistance.
Target 1 - 1.0740
Target 2 - 1.0724
The price reversal zone on this pair is between 1.0766 & 1.0784
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 1.0708
Stop loss would be placed above X leg structure resistance.
Target 1 - 1.0740
Target 2 - 1.0724
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EUR.USD D leg completed at 1.0766
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Please Note:
Position is still valid for traders who missed the previous entry.
Position is still valid for traders who missed the previous entry.