EUR/GBP: ANALYSIS, POTENTIAL HARMONIC, STRUCTURE

As you can see my entry point had been rejected first time in which the trend had reversed from .8566 and landed back to my entry point. This cypher pattern has been assisted with the help of fib retracements, you can see that the C and D points are in line with structure. This bearish cypher pattern will be tested in the meantime, as the trend could possibly create another lower low.

Opening point: 0.8250
Target point: 0.84444
Exit point: 0.85786

Trade chiuso: obiettivo raggiunto:

Both targets hit!!!