Get started
glennmercer

EURUSD Short: Cypher + Crab + S/R

Short
Euro / U.S. Dollar (FX:EURUSD)  
glennmercer  
FX:EURUSD   Euro / U.S. Dollar
Crab Cypher Bearish Crab Bearish Cypher EURUSD glennmercer gmercerfx confluence Fibonacci Cluster fibcluster S/R PRZ
3
0
crabpattern cypherpattern bearishcrab bearishcypher eurusd glennmercer gmercerfx confluence fibonaccicluster fibcluster s_r prz
EURUSD is nearing the completion of a highly confluent bearish PRZ. The projections and retracements of two harmonic patterns coincide in a tight area of resistance which falls in a broad area of S/R. Entry is placed at .786CD with SL at 1.13XA and target at .382CD.

Confluence in the PRZ:
  • Bearish Cypher
  • 1.618BC Projection (Cypher)
  • 2.272AB=CD (Cypher)
  • Bearish Crab
  • 4.5BC Projection (Crab)
  • 1.5AB=CD (Crab)

Related Ideas

glennmercer
Short EURUSD: Bat + S/R + Divergence + Overbought + Weekly Pivot
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.