Full Data // Bigger picture // Monthly Cypher @1.400 //IF=THEN ®
EURUSD
The big picture, one lifetime bullish channel
As shown by the chart, we have tested and rejected the support trendline of a channel formed between at Jan '85 and Oct. '92;
Natural expectation of an upward movement, targeting the 61.8% @1.2632, testing recent Bears Channel Trendline acting as resistance, and eventually completing the Bearish Cypher pattern around 1.400, also previous structure resistance @1.3637, creating an eventual nice Risk/Reward opportunity to enter Short.
Searching for new opportunities to go Long with this pair (lower time frames)
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
Safe trades:
