Another Cypher Pattern Completion on this Pair, Awaiting for the market open to give a more favourable entry . But based on how the candles are formed, potentially Pending order for Djv setup is possible
Im looking at 1.25817 as a Potential Reversal Zone for a long position.
1, AB = CD at level
3. Fibs Ext of AB 1.618
However... will look for a confirmation setup, but thats the zone where i might consider to take Long
Potential Counter Trend Trade :-
1. Market RSI Oversold and RSI Divergence is seen.
2. Buy Target can be
- Minor resistance
- Missed Pivot Level
- Daily Level Support
SL can be below the Low, a R:R of 1:1+
Then.. Potentially it could be a Continuation Trade back to the Support Level ...