EUR.USD - Long Opportunity At 1.0905

2017年5月8日

On the EUR.USD 1hr chart we have a potential long opportunity at the D leg completion of bullish Cypher setup.

The price reversal zone on this pair is between 1.0905 & 1.0874
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.

Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets back into 1.100
Stop loss would be placed below X leg structure support.

Target 1 - 1.0950
Target 2 - 1.0977

2017年5月8日

注释

29th April analysis tying in nicely with today's analysis.

2017年5月8日

注释

1hr chart RSI still not yet oversold which indicates to me further downside is to come.

2017年5月8日

注释

Bullish RSI divergence has not yet formed on the 15min TF so another impulse to the downside is expected.

2017年5月9日

注释

D leg now complete at 1.0905
I will await confirmation prior to any pending order placement.

2017年5月9日

注释

Hi traders,

I have had many traders asking me about my rules for entry as they are not a standard D leg completion entry.

Although i don't disclose the indicators i use nor my entry, i have attached below how a break down pairs prior to entry.

I hope it helps.