Browse Symbol Stacks: EURUSD: EURUSD_CypherPattern_April232015.jpg

EURUSD_CypherPattern_April232015.jpg

Bear trade on EUR/USD (or /6e) set-up this morning. 

It's a fibonacci based price pattern called a Cypher. 

Targets are the (#1) 38.2% retracement of the low of the pattern to the completion (C to D leg), and (#2) the 61.8% retracement.

Comments

moneymiser21moneymiser21
UPDATE: Target one hit. Stopped out at breakeven on 2nd half. 4/24/15