Looks like a great short. Cypher Pattern completion. Also the area for shorting on the larger trend line.
A GOOD ONE. PAIR IS RETRACING FROM BREAKOUT ON LARGER TIME FRAME, A LONG MOVE DOWN ONCE IT BREAKS THIS CHANNEL. KEEP AN EYE ON THIS TRADE.
1) Cypher pattern completion. 2) Retracement after breakout completion. 3) Divergence on 4 hour chart. Looks to be a good long position.
Wait for the retracement to complete, let price come around the 76.00 mark then take the trade.
Two ways to go long. ABC Correction could be over and we may look for a move up now or we could go for ABCDE and then move up.
A good example of a developing corrective structure. After the move to leg E, EURUSD to sail down. Lets see how it progresses.