IanMFX

After Cypher - next patterns in play ?

FX:AUDJPY   Australian Dollar/Japanese Yen
Bear Cypher pattern created but will the sellers really push ?

On the lookout:
1) Double-top on 240M
2) Bearish RSI divergence
3) Awaiting break below previous support
4) Based on the above, price might move to next Support
5) If price goes to 4 (Green zone) then await for retrace to 5 for a 2618 play

6) But we may see a harmonic play here since Price the still in Support range zone (Yellow zone). Could bounce up and reach next bull Resistance zone (Red zone).
Missed the retrace to 0.618 for a sell. Next time.
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