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
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
評論:
評論:
評論:
EUR.GBP - D leg completion at .8519
評論:
If you opened this position at .8519 your target 1 should be closed.
評論:
If you opened this position at .8519 your target 2 should be closed.
評論:
Price expected to hit extended target at .8328 long term.
評論:
My personal Bat setup strategy is available below.
