$EURUSD: Bull Cypher Formation (Can We Go 3 for 3?)

Coming off back-to-back winners on a Bullish Cypher & Bearish Gartley, the $EURUSD is now providing us with another long opportunity in the form of an Advanced Cypher Formation.

Unfortunately (unless we some some movement overnight) I doubt that I'll get an opportunity to take full advantage of this opportunity due to tomorrows Jobs numbers.

Below is a link to a video drawing out this potential pattern formation (19:16) along with a discussion about drawdowns and money manipulation.

www.youtube.com/watch?v=8U-Q962H...


Akil Stokes
Chief Currency Analyst & Head Trading Coach
www.TradeEmpowered.com -The Premier Online Trading Education Company


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Trade active:

Filled, most likely not for very long though

Comment:

8:30 - Non Farm Pay Roll, Avg Hourly Earnings & Unemployment

"This will be the most important jobs number, since the last one, until the next one"

Trade closed: target reached

Comment:

With the big hits I took on GBPUSD & GBPJPY this week. Euro has been a life safer. 3 for 3 on this pair. I'm done for the week!