There is a POTENTIAL for a Cypher pattern completion in the USDJPY pair. Good probability that it may complete today IMHO. BUY at 119.790 BUT for agressive trader's, you may want to go ahead and buy at the B point (119.849) since it is so close to the D point completion. May reverse there using the B point as resistance. The completion of this Cypher is within...
AUDUSD has been trading within a large contracting triangle and is now at the top of the range again. Additionally, there is a POTENTIAL for a CYPHER pattern forming with the C point potentially being established at the top of the triangle. The C point also is near the 50% retracement of the larger recent down trend and is resting at a previous resistance put in...
Few more pips and this bullish cypher pattern will complete.....LONG .77000. Hope for the best!