EUR.GBP - BEARISH CYPHER SETUP - .8519

On the EUR.GBP 1hr chart we have a potential short opportunity at the D leg completion of bearish Cypher setup.

The price reversal zone on this pair is between .8519 & .8577
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 at around .8328
Stop loss would be placed above X leg structure resistance.

Target 1 - .8436
Target 2 - .8384

Kommentera:

Kommentera:

Kommentera:

EUR.GBP - D leg completion at .8519

Kommentera:

If you opened this position at .8519 your target 1 should be closed.

Kommentera:

If you opened this position at .8519 your target 2 should be closed.

Kommentera:

Price expected to hit extended target at .8328 long term.

Kommentera:

My personal Bat setup strategy is available below.