An insight into Cypher patterns using DeMark indicators [Video]

Ian Coleman FXStreet

The long-term bias remains bullish for the USD but there is ample scope for a move in either direction from current levels.

The Euro looks to be forming a bearish Butterfly formation but with ample scope for a move to the upside.

The long-term bias for EURUSD is bearish but there is ample scope for a move to 1.2291-1.2298 to complete the bearish formation.

Will DeMark indictors then offer exhaustion counts? I highlight what to looks for in this scenario.

Author

Ian Coleman

FXStreet

Ian started his financial career at the age of 18 working as a Junior Swiss Broker at Godsell Astley and Pearce (London). He quickly moved through the ranks and was Desk Manager at RP Martins at the age of 29.

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