Bearish Cypher on EUR/USD (1 Hour chart)
Updated
Cypher Pattern
32,8 Fib Retracement
Confluence of 141,8 and FIB extension and 161,8 Fib Inversion
RSI overbought
AB=CD movement
Be aware we have a Inverted Head and Shoulder Pattern so we can expect only a pull back to 32,8 Fib of the last movement (Orange Zone)
32,8 Fib Retracement
Confluence of 141,8 and FIB extension and 161,8 Fib Inversion
RSI overbought
AB=CD movement
Be aware we have a Inverted Head and Shoulder Pattern so we can expect only a pull back to 32,8 Fib of the last movement (Orange Zone)
Trade active
Trade closed: target reached
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