EURUSD is nearing the completion of a highly confluent bearish PRZ. The projections and retracements of two harmonic patterns coincide in a tight area of resistance which falls in a broad area of S/R. Entry is placed at .786CD with SL at 1.13XA and target at .382CD.
Confluence in the PRZ:
Confluence in the PRZ:
- Bearish Cypher
- 1.618BC Projection (Cypher)
- 2.272AB=CD (Cypher)
- Bearish Crab
- 4.5BC Projection (Crab)
- 1.5AB=CD (Crab)