First we are looking to finish this Cipher Pattern which will be completed around 1.41700 - 14200 range.
Which gives a reversal signal to enter Short, where it will go ?
Most likely around 1.38100 - 1.37800 Range. Why ?
The Completion of the Bat Pattern.
From there it would go up to around 1.44400 - 1.4500 Range.
Why ?
The Completion of the Butterfly Pattern.
From there.... im guessing it will find the nearest support. I will update this if i found another potential target.
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We are almost at the completion of the first pattern. Aware of reversal candlestick or anything. Im bad at spotting one ! I hope somebody tell me when they see one :D
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It looks good. Lets see how it plays out.