AUDJPY. BEARISH CYPHER PATTERN
Updated
Here we have a beautiful high probability berish setup
A nice bearish Cypher setup
Potential Minor price rejection at 87.000
Minor confluence with 78.6 FIB
For the C point we can have a Double Bottom formation to reject the Half major price at 84.000 and a RSI oversold
Potential target 1 under the Minor price at 85.813 (38.2 FIB)
Trade safely guys !
(For me, trade will be taken if price goes outside the Bollinger bands & RSI overbought)
A nice bearish Cypher setup
Potential Minor price rejection at 87.000
Minor confluence with 78.6 FIB
For the C point we can have a Double Bottom formation to reject the Half major price at 84.000 and a RSI oversold
Potential target 1 under the Minor price at 85.813 (38.2 FIB)
Trade safely guys !
(For me, trade will be taken if price goes outside the Bollinger bands & RSI overbought)
Comment
C point of the cypher was changed
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