Similar to the USD/JPY setup, instead we have a possible bearish cypher forming on the daily time frame . If the pattern completes I'll look for an entry around the 81.00 - 82.00 price level.
Cypher ratios:
AB = 0.382-0.618
BC= 1.13-1.414
XD = 0.786
Cypher ratios:
AB = 0.382-0.618
BC= 1.13-1.414
XD = 0.786
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.