There are two potential Cypher patterns setting up on EURUSD. There is a shorter term Bearish Cypher (Red) that will potentially complete @ 1.05806. Now this one can be used as an alternate entry for a trend continuation trade.
Now the Longer term Cypher (Blue) will potentially complete @ 1.06208. This one can be traded normally, (taking targets 1 and 2 at the 38.2 & 61.8 Fibonacci Retracements) or you can use this as an alternate entry as well.
Either way, make sure to follow your plan.
If you would like to see more analysis like this, come by and join us in the live trading room. Here is the link: https://youtu.be/f37qCd3R9Pw
Good luck and Good Trading.
Now the Longer term Cypher (Blue) will potentially complete @ 1.06208. This one can be traded normally, (taking targets 1 and 2 at the 38.2 & 61.8 Fibonacci Retracements) or you can use this as an alternate entry as well.
Either way, make sure to follow your plan.
If you would like to see more analysis like this, come by and join us in the live trading room. Here is the link: https://youtu.be/f37qCd3R9Pw
Good luck and Good Trading.