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! :)