There could be a potential Bearish Cypher Pattern formation here on the EURUSD HR4. As of now price action is doing its C point. A candle giving me a higher high higher close will give me a reason to long this market and TP at the B point upto the completion itself
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On the HR1 TF. Either wait for the ff: 1. Bullish Divergence 2. Double bottom (candle close) 3. BO of small upper TL
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We are still waiting for a candle higher high, higher close to go LONG.
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this may be a good spot to buy since the previous HR4 candle did close just inside the zone for our C point of a potential bearish Cypher. There is also a pending deep crab pattern waiting below.
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This may be a good spot to buy since the previous HR4 candle did close just inside the zone for our C point of a potential bearish Cypher. But beware that we could go still further down upto 1.00. There is also a pending deep crab pattern waiting below.
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A BO above the zone may be a good candidate to go LONG.