Here we see a Cypher pattern on the AUD?JPY charts, supported by a bearish trend suggesting that the market will continue down.
I believe that the marker will reverse at the standard deviation and rally to the 1.618 extension of the BC leg.
My entry, as always, at point B , my limit is at the 1.618 extension and my stop is at the highest high or point X of the cypher pattern.
Thanks for tuning in, As always , dont forget to follow, like and comment
Good Trading everyone!
I believe that the marker will reverse at the standard deviation and rally to the 1.618 extension of the BC leg.
My entry, as always, at point B , my limit is at the 1.618 extension and my stop is at the highest high or point X of the cypher pattern.
Thanks for tuning in, As always , dont forget to follow, like and comment
Good Trading everyone!