There is a bullish big cypher pattern or a bearish butterfly (or indeed none of both :-) coming at the EURUSD. Currently the butterfly seems to complete rather than the cypher. A completed butterfly invalidates the cypher.
Bullish Cypher (long):
Bearish Buttferly (short):
Bullish Cypher (long):
- Entry: 1.1646
- S/L: 1.1544
- T1: 1.1759 (RR 1:2)
- T2: 1.1834 (RR 1:3)
Bearish Buttferly (short):
- Entry: 1.1998
- S/L: 1.2032 (RR 1:1)
- T1: 1.193 (RR 1:1.8)
- T2: 1.1885