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EURUSD Bullish Cypher Pattern for a minor correction

 

EURUSD Bullish Cypher Pattern for a minor correction

Description: Chartreaderpro found a potential Bullish Cypher Pattern on H4 Chart timeframe. We keep our main short positions targeting 1.12500 and 1.11100. We look for a long opportunity of a minor correction at D where the Bullish Cypher pattern is completed.

Trade Period: Intraday Trading

Pair / Instrument: EURUSD

Time Frame: H4

The trend in the Timeframe: Bearish

The trend in the Daily Chart:  Bearish

Trade Based On: Bullish Cypher Harmonic Pattern

Accuracy: %86

Recommended Lot Size: 0.05@ 10 K Account with 1:100 Leverage

Trade:  Long

The Area Of The Entry: 1.13220 – 1.1313

Stop Loss: Below X 1.12920

Target 1: 1.13500

Target 2: 1.13700

Target 3:

You can follow the setup: EURUSD Bullish Cypher Pattern

What to pay attention:

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Rules To Keep In Your Mind:  Trade Safe. Money  Management is the key to success in forex trading. Do not risk more than 1% of your account in each trade.

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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money

EURUSD  Bullish Cypher Pattern: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

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