CYPHER PATTERN FORMING ON EURGBP CD LEG OPPORTUNITY

A Cypher forming on 1 Hour chart EURGBP, CD leg bouncing off previous structure with RSI favoring a long position. 3 targets to previous structure levels until the completion of the CD leg. The stop loss is placed at the 1.414 extension of the AB leg since, if broken, that would invalidate the pattern.

Yorum:

Unfortunately the pattern will not finish up. So much for that shot.