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
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
Bình luận:
29th April analysis tying in nicely with today's analysis.
Bình luận:
1hr chart RSI still not yet oversold which indicates to me further downside is to come.
Bình luận:
Bullish RSI divergence has not yet formed on the 15min TF so another impulse to the downside is expected.
Bình luận:
D leg now complete at 1.0905
I will await confirmation prior to any pending order placement.
I will await confirmation prior to any pending order placement.
Bình luận:
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.
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.
