LukeFagan
Short

Bearish Cypher Formation on the Daily

FX:EURUSD   Euro / U.S. Dollar
Since price action recent push to the upside to test previous highs and the monthly resistance zone , price has formed a bearish Cypher formation. the traditional enrty was at .... but price had blown past giving a better risk reward profile.

exploring even more into price action we also have an ABCD Pattern with the D completing around the 1.21000 zone and a 1.272 extension + The RSI being in a very over sold state.
we have a lot of signs pointing that there may be a bearish rotation coming up
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