EURGBP Potential Cypher PatternPrice is currently on the resistant area.
price is potentially to go down first and forming cypher pattern.
in complete cypher, the price also will become right shoulder on the Inverted head and shoulder pattern on the larger TF.
for CD leg sell trade, SL just above red area
Indonesia
EURAUD Potential Patternin the previous idea i sold this pair.
After Hit 1st TP, price going up again and hit initial entry.
i look for another sell from the top. now price looks making a bearish cypher.
we can short again on complete cypher.
but we have an opportunity for trading to the upside. if price pullback to the red area, we can take some buy targeting complete cypher