Potential Cypher on EURUSD 1 Hour Chart

22 août 2017

There is a potential cypher pattern forming on the EURUSD 60 minute chart. Market has put in an XA move with the AB retracement completing in the zone. This is one to watch on the radar, but it is still a long way away from completing. We still need to see the C leg extension followed by the D leg retracement. I am projecting the pattern to complete around 1.17082. This is on my radar and I will be updating this trade as it develops.