Adequate harmonic bearish cypher has been formed!. I expect this pair to retrace slightly and head back up. You can refer to the attached link for further analysis.
I personally would not trade this pattern, because for me it is one of the confluence factor for my main trend analysis. If you wish to trade you can do so at your own risk. TP target are set at 38.2 and 61.8 fib levels for SL you can go as high as risk to reward where it reaches 1:1.
Harmonic patterns are difficult to spot and i have just put this here for my fellow traders to see and do their own analysis before going in.
I personally would not trade this pattern, because for me it is one of the confluence factor for my main trend analysis. If you wish to trade you can do so at your own risk. TP target are set at 38.2 and 61.8 fib levels for SL you can go as high as risk to reward where it reaches 1:1.
Harmonic patterns are difficult to spot and i have just put this here for my fellow traders to see and do their own analysis before going in.
Trade closed: target reached
