EURUSD Short: Cypher + Crab + S/R

Par glennmercer
EURUSD is nearing the completion of a highly confluent bearish PRZ. The projections and retracements of two harmonic patterns coincide in a tight area of resistance which falls in a broad area of S/R. Entry is placed at .786CD with SL at 1.13XA and target at .382CD.

Confluence in the PRZ:
  • Bearish Cypher
  • 1.618BC Projection (Cypher)
  • 2.272AB=CD (Cypher)
  • Bearish Crab
  • 4.5BC Projection (Crab)
  • 1.5AB=CD (Crab)
Bearish CrabBearish CypherconfluenceCrabCypherEURUSDfibclusterFibonacci ClusterglennmercergmercerfxPRZS/R
glennmercer

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