Bullish cypher in the making on EJ. I follow strict rules when trading this pattern, i.e. AB = 38.2% retracement, BC = 1.27% extension of XA and CD = 78.6% retrace of XC - this particular pattern, market is reversing at every fib point on a dime, touching the fib points and following the pattern. low risk strategy as you stand to gain at least 400 pips with targets at 132.500 mark.
Enjoy ;)
Enjoy ;)