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At h4, if we draw little bearish trend line (Head to Right shoulder to A to D); Cypher's D point is close to support line for long.
Even if this was first a double top trade and then a 61.8 retest price should have gone lower, so I do share the same opinion, I think we should see the Euro pullback a little bit.
Only difference is on my chart I have a first smaller cypher that already has completed and is currently at X.
But we are "on the same page". Just my humble 2 cents. Good weekend, cheers :)