Upon breaking down EURAUD I was able to discover a advance pattern formation. Bullish Cypher.
Completion of the D leg has occurred and the first rejection so far has taken place. This pair can attempt the price of 1.41475 multiple times before committing to a reversal. So far, We have gotten exhausted candles illustrated in our H1 and H2 charts.
I am noticing a potential short opportunity to arise from this pattern. 1.41500 Being the utmost strength resistance.
Entry Conservative 1.41300)( Aggressive 1.41450-1.41500 (Current)
SL 1.41800 TP 1.41675 -30pips est TP-1.39950-140pips Est
Completion of the D leg has occurred and the first rejection so far has taken place. This pair can attempt the price of 1.41475 multiple times before committing to a reversal. So far, We have gotten exhausted candles illustrated in our H1 and H2 charts.
I am noticing a potential short opportunity to arise from this pattern. 1.41500 Being the utmost strength resistance.
Entry Conservative 1.41300)( Aggressive 1.41450-1.41500 (Current)
SL 1.41800 TP 1.41675 -30pips est TP-1.39950-140pips Est
Trade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.