Currently Price is consolidating with the highs being at 1.20900 zone and the lows being at 1.15500
Currently it appears that price action is set to continue its push to the downside and if in doing so will form a Bullish Cypher Formation.
I predict price action will either do 2 things
(A) - test the lows of the minor structure level around the 1.16500 (price could possibly test it and bounce back to the upside or blow straight through it!!)
(B) push down to the D entry and have a text book bullish cypher!!
(C) push all the way down and test the monthly lows zone.
Currently it appears that price action is set to continue its push to the downside and if in doing so will form a Bullish Cypher Formation.
I predict price action will either do 2 things
(A) - test the lows of the minor structure level around the 1.16500 (price could possibly test it and bounce back to the upside or blow straight through it!!)
(B) push down to the D entry and have a text book bullish cypher!!
(C) push all the way down and test the monthly lows zone.
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