Possible Cypher on EURUSD 4h
Leg CD is half way completed. Leg AB took 28 bars, and CD is 23 bars in, so next few bars could complete the pattern. Let's see how big is the gap on Monday and its direction...
Couple of news on the Euro zone on Monday and very important ones on the US side on Tuesday (Housing Stats) so PA might be violent around them.
Numbers look like:
Entry: 1.15350
SL: 1.1630 (couple of pips from X)
TP1: 1.14131 (.386CD 1.3 RR)
TP2: 1.13378 (.618CD 2.1 RR)
Couple of news on the Euro zone on Monday and very important ones on the US side on Tuesday (Housing Stats) so PA might be violent around them.
Numbers look like:
Entry: 1.15350
SL: 1.1630 (couple of pips from X)
TP1: 1.14131 (.386CD 1.3 RR)
TP2: 1.13378 (.618CD 2.1 RR)
Comentarios:
Great recovery of the Dollar after the "not bad as expected news"... EURUSD went down +110pips, so I'm not going to say that the pattern is invalid, but i'll keep a eye on any new harmonic formation on the pair...