Potential Bearish Cypher Idea.

I am observing a bearish cypher formation on the EURUSD. I am most interested in possbily setting a sell stop. Possibly After we roll past 1.07820 There is a chance that price action could pick up in this region. And retest the previous resistance. But i have a slight doubt of that taking place. Keep an eye on this pair for a upcoming short.

ST .7775

TP 1.07640

TP2 1.07333