Rejection on the hourly S/R line. Looks like it will continue until it meet's it's next support/resistance point. Rejection at 0.786 makes it seem likely Daily outlook continues to seem bullish. Feedback is welcome.
AB=CD 1.618% Projection Bearish Cypher 1.27-1.41 termination For C leg
Here we have a cypher pattern completed on theAud usd charts, the pattern has completed as bearish in the positive deviation , which means that it is likely to cross back below the linear regression line. Also we have the support of the wedge formation putting our stop right on the bottom wedge line. I havve placed my entry at D, my stop at the previous structure...