EUR.GBP - BEARISH CYPHER SETUP - .8519

6 дек. 2016 г.

On the EUR.GBP 1hr 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 .8519 & .8577
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 .8328
Stop loss would be placed above X leg structure resistance.

Target 1 - .8436
Target 2 - .8384

6 дек. 2016 г.

Заметка

6 дек. 2016 г.

Заметка

7 дек. 2016 г.

Заметка

EUR.GBP - D leg completion at .8519

8 дек. 2016 г.

Заметка

If you opened this position at .8519 your target 1 should be closed.

11 дек. 2016 г.

Заметка

If you opened this position at .8519 your target 2 should be closed.

14 дек. 2016 г.

Заметка

Price expected to hit extended target at .8328 long term.

18 дек. 2016 г.

Заметка

My personal Bat setup strategy is available below.