Potential cypher pattern in EUR/USD H4 (10 Aug)
If the market goes in the same pattern as before, there is a potentially cypher pattern in EUR/USD H4.
I have place a sell order at around 1.1750x and take TP at the median line of fibonacci extention 1,27 and 1,414 with a support zone there (black line) which potentially be a C leg of the cypher pattern.
However, we must be aware with the US PPI m/m & Unemployment Claims news today.
Wish me luck & we'll see the result at the night or in tomorrow morning.
Thank you and happy trading guys ;)
I have place a sell order at around 1.1750x and take TP at the median line of fibonacci extention 1,27 and 1,414 with a support zone there (black line) which potentially be a C leg of the cypher pattern.
However, we must be aware with the US PPI m/m & Unemployment Claims news today.
Wish me luck & we'll see the result at the night or in tomorrow morning.
Thank you and happy trading guys ;)
Operación cerrada: precio stop alcanzado:
Unfortunately the cypher pattern has failed to be formed and the price has not reached the target price, instead it only reached half of the TP before it make a reversal to the bullish trend in line with the US fundamental news which worsen the USD currency.
Sorry guys this time we must take a 19.4 pips loss. :(
But if you close the position at the half of the target price before the price has been reversed, you probably will made a 40+ pips.
Thanks guys, and keep a spirit and positive vibes in trading ;)
See ya next time!
Sorry guys this time we must take a 19.4 pips loss. :(
But if you close the position at the half of the target price before the price has been reversed, you probably will made a 40+ pips.
Thanks guys, and keep a spirit and positive vibes in trading ;)
See ya next time!