Advancedpattens
EURJPY Possible Cypher C to D Leg Daily So we can see that we have a possible cypher near completion.
Had our X to A leg and B to C which has brough thsi pair back to previous resistance levels which is a good sign and we are in the right area of the RSI, not quite over sold but along with structure I feel we will see a decline down along with the way this pair has been moving over the last month.
Short USDCHF: Bearish Shark to PivotsUSDCHF has completed a bearish shark at confluent reversal zone. Unhit weekly and daily pivots add pressure to the downside. The new unhit daily pivot aligns with .382cd and makes for a nice target level. SL above S/R provides a substantial R/R. A more aggressive T2 may be placed at .618CD.
Confluence in the PRZ:
1. Bearish Shark Completion
2. 1.618bc
3. 0.786XA
4. 3.618ab=cd
5. 0.618 0-1
5. Trendline Resistance