2018Apr06 EURUSD H1 Bullish Cypher + Trend Reversal
There is a possible bullish cypher seen for EURUSD D1. Price entry is based on a double bottom setup with a broken neckline at candle close of 1.22477 noted at the H1 timeframe. The stop loss is placed just below D point while profit taking is targeted at the 38.2, 50.0, and 61.8 Fibonacci retracement levels of the CD leg, respectively.
Trade Setup: Bullish Cypher + Trend Reversal
Price Entry 1.22477
SL 1.22106 | SL pips 37.1
TP1 1.23152 | TP1 pips 67.5
TP2 1.23460 | TP2 pips 98.3
TP3 1.23767 | TP3 pips 129.0
RRR1 1.82 | RRR2 2.65 | RRR3 3.48
Status/Remarks: TP1, TP2, & TP3 hit! :)
Trade Setup: Bullish Cypher + Trend Reversal
Price Entry 1.22477
SL 1.22106 | SL pips 37.1
TP1 1.23152 | TP1 pips 67.5
TP2 1.23460 | TP2 pips 98.3
TP3 1.23767 | TP3 pips 129.0
RRR1 1.82 | RRR2 2.65 | RRR3 3.48
Status/Remarks: TP1, TP2, & TP3 hit! :)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.