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Charles_Gitiche
Dec 10, 2020 12:10 PM

A Good level of Structure  Long

British Pound/Australian DollarFXCM

Description

The Price is falling like a waterfall. This is no surprise, Brexit news will keep hitting the headline until December 31st, 2020. Nonetheless, price is coming to a very important area from a technical analysis perspective. There are some confluences that can be used for a short-term buy opportunity:
1. A completed Cypher pattern on the Daily
2. Price is heading to a major level of structure 1.75s...
3. RSI is OS
4. AB=CD Completion

looking for a short relief here!
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