EUR.USD - Long Opportunity At 1.0905

8 thg 5, 2017

On the EUR.USD 1hr chart we have a potential long opportunity at the D leg completion of bullish Cypher setup.

The price reversal zone on this pair is between 1.0905 & 1.0874
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 back into 1.100
Stop loss would be placed below X leg structure support.

Target 1 - 1.0950
Target 2 - 1.0977

8 thg 5, 2017

Ghi chú

29th April analysis tying in nicely with today's analysis.

8 thg 5, 2017

Ghi chú

1hr chart RSI still not yet oversold which indicates to me further downside is to come.

8 thg 5, 2017

Ghi chú

Bullish RSI divergence has not yet formed on the 15min TF so another impulse to the downside is expected.

9 thg 5, 2017

Ghi chú

D leg now complete at 1.0905
I will await confirmation prior to any pending order placement.

9 thg 5, 2017

Ghi chú

Hi traders,

I have had many traders asking me about my rules for entry as they are not a standard D leg completion entry.

Although i don't disclose the indicators i use nor my entry, i have attached below how a break down pairs prior to entry.

I hope it helps.