Nothing much to it this time really, with all this virus talk I'm not sure how the market is reacting, but I have being monitoring this pattern formation for a while now, and a couple of fibonacci levels seem to boost my argument, worth a short - Tell me what you think?
This pair has been a buy for quite a while, from my analysis I was proven wrong in terms of a short term sell, however I have been trading a long term buy and it is coming to a close as the candle sticks are getting weaker. Furthermore there is a cypher pattern forming which signals a selling opportunity for me
I had previously drawn a cypher pattern where by I got the amount of profit i desired, however the market couldn't cross the "C" point suggesting to me that market wants to go down. I have drawn fibonnaci levels and between 0.618 - 0.786 is my buying area.
