TheTradersAvenue

EURUSD > Bearish Opportunity with Bearish Harmonic Pattern

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OANDA:EURUSD   欧元/美元
Welcome traders!

Today we'll be looking at the EURUSD pair and a possible Sell opportunity. We have a bearish harmonic Cypher pattern at the entry, which could provide a good risk-to-reward ratio but not as good as the second place which is at a strong supply zone.

Looking at the chart, we can see a bearish Cypher pattern forming on the 4-hour timeframe, with the price at the key Fibonacci level. This pattern could signal a reversal and provide an opportunity for a sell trade.

To enter this trade, we could basically enter now if it is still at the entry point or set the limit entry at the D leg completion, my favorite place will be the 2nd place on my chart, is to wait for a further push to the upside and then look for a sell it will give much RR, but we will see


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评论:
175 pips, closed, enjoy


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