EURAUD: Bearish Cypher pattern
1.Bearish Cypher pattern on 240 min almost completed
2.ABC structure on CD leg of the Cypher that can extend up to the blue box.
3. Resistance from 200 EMA
So the overall trend is developing to upside. So you can play the Cypher for Sell opportunity or you can wait for price to retest the left structure (red box) and to see prices there how they will develop there for a Buy.
Good Luck
2.ABC structure on CD leg of the Cypher that can extend up to the blue box.
3. Resistance from 200 EMA
So the overall trend is developing to upside. So you can play the Cypher for Sell opportunity or you can wait for price to retest the left structure (red box) and to see prices there how they will develop there for a Buy.
Good Luck
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www.youtube.com/@TradingPuzzles
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For those who bought EURAUD-target reached:)