EURUSD
We all know about the 1.11600 Cypher, but there's one "hidden" Shark that can appear once completed the Cypher, with target close to Weekly resistance (W1), in fact that target can give us a double top if close below the previous Higher High. (left red circle);
Long the Cypher once completed;
Short the Shark once completed;
CYPHER:
Point B:
38.2% to 61.8% XA
Point C:
127% to 141% ext XA
Point D:
78.6% XC
Target:
TP1 38.2% CD
TP2 61.8% CD
SHARK:
Point B:
61.8% XA attention to the retracement! Must stay in the 61.8% and then start to fall
Point C:
113% to 161% AB (synced with Cypher point D)
Point D:
161% to 224% BC (Eventual Double top)
88.6% to 113% XC
Target:
38.2% to 100% CD
Definitions of a Double top:
Ratios:
Safe trades;
open.spotify.com/tra...cwJsJTlxy2QLFFnjRnxw
