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).
IanMFX
a year ago
Missed the retrace to 0.618 for a sell. Next time.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out