If the market price goes as the same pattern as before, there is a possible market entry for sell position at GBP/USD Daily.
The price potentially build a gartley pattern in combine with fib retracement + fib extention.
Furthermore, the rsi and stochastic gave you a signals that the price has already in the overbought area, and potentially will go down.
In...
If the market goes in the same pattern as before, there is a potentially cypher pattern in EUR/USD H4.
I have place a sell order at around 1.1750x and take TP at the median line of fibonacci extention 1,27 and 1,414 with a support zone there (black line) which potentially be a C leg of the cypher pattern.
However, we must be aware with the US PPI m/m &...
There is a possible market entry for scalping in EUR/USD.
Since the price make a nearly perfect of cypher patter in combine with fib retracement.
Go long for now and place a TP in the price of where the 0.786 fib retracement is + mayor resistance (black line) + the end of D line of chyper pattern.
Good luck! ;)
After the price break the nearest resistance line (black horizontal line), go put a long and aim it until the price hit back the median of the 1,27 fib ext, 0,236 fib retrace, and both resistance of a trend line and horizonal. After that, go short and aim it back to the lower support since it potentially make a bullish butterfly with a chyper pattern.
Since the price has break the trend line potentially make a bullish butterfly with a chyper pattern, we can go short and aim it until the price hit the previous lower candle + nearest support (black line) for TP1, fib retracement level 0 + tail of the previous structure candle for TP2 & the median of the 1,27 fib ext + lower support (black line) for TP3.
