completed on 60 min chart. Anyway exist the possibility for an extended wave up to 1.5610 price zone. This price level fits with the completion of a bearish Cypher
pattern on daily chart
. For this trade setup i am anticipating the wave to develop in 3 scenarios and minimum target the resistance trend line
if price breaks to downside. We have also a 60 min bearish pinbar
formed on the top of the wave.