Cypher pattern waiting to complete final leg to go Short.
This pair is really tricky at the moment due to uncertainty with Donald Trump. And this is my point of view. Happy trading.
- Last month we had Bearish pin at Monthly resistance. - Price reversed frm there and made it's correction with 61.8 rejection - CTR Was broken and we sold AUDJPY
- AUDNZD Breakout on Descending TL. - Making HH,HL on lower timeframes. - Waiting for CTR to be broken to enter Long. - I do believe we can hit 1.06400
- Weekly candle tells the story for the next week and I do believe we can see more upside. - We have estabilished upward channel and if we get that 3rd bounce we can enter Long.
- Price found resistance at the previous high forming double top. - Trendline Break and retest - 3rd bounce on descending TL + Divergence Target is at 88.350 This is short term trade but if we have confirmed double top we can see more decline from here.
- Strong bearish weekly candle. - We could possibly see correction to the upside from here to around 142.500. - Will wait for TL bounce and CTR Brakeout and then will enter short.
EURCHF Is making correction to the upside, we broke descending trendline and also had a 50% retreacement. 4H Divergence Weeky SUPP was rejected
GBPCAD is ready to fall we broke our CTR and we had ABCD fibonacci. Short term fall Target 1.64300.
GBPJPY is about to make it's final impulse move to the upside! We have TL Support with 4H Divergence and 61.8 fib. Plus we broke CTR. Trade What you see not what you think!
Weekly RES was rejected and we have broken below CTR which give us shorting opportunity.