Potential Cypher Harmonic Pattern , but need to hold until the pattern complete.
Short term trader might consider to long if the line touch on 1.0030 (break the 0.786 @ short term fibbo), and look forward to test the next resistant at 1.0090 (touch the 0.618 @ long term fibbo). However it is still early to determine. Longer observation is required.
Short term trader might consider to long if the line touch on 1.0030 (break the 0.786 @ short term fibbo), and look forward to test the next resistant at 1.0090 (touch the 0.618 @ long term fibbo). However it is still early to determine. Longer observation is required.
Trade active
Touch on 1.003, aim for short term profitTP : 1.009
SL : 1.000
Trade closed: stop reached
Short term trade fail and touch the SL. Aim for complete cypher for the next trade..
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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.