EUR.USD - Bearish Cypher 1.2460 & 1.2493

Currency pair - EUR.USD
Chart timeframe - 1hr
Area of interest - 1.2460 & 1.2493
Chart pattern - Bearish Cypher

The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
Should my daily predicted direction be incorrect no trade opportunity will be generated.

Kommentera:

Price approaching D leg completion at 1.2460

Kommentera:

If you entered this position your target 1 and 2 should now be attained, however if you are still live i see a lot of bullish pressure so trailing stops are advised.

For me personally i'm not in this position.