Here we see a Cypher pattern on the AUD?JPY charts, supported by a bearish trend suggesting that the market will continue down.
I believe that the marker will reverse at the standard deviation and rally to the 1.618 extension of the BC leg.
My entry, as always, at point B , my limit is at the 1.618 extension and my stop is at the highest high or point X of the cypher pattern.
Thanks for tuning in, As always , dont forget to follow, like and comment
Good Trading everyone!
I believe that the marker will reverse at the standard deviation and rally to the 1.618 extension of the BC leg.
My entry, as always, at point B , my limit is at the 1.618 extension and my stop is at the highest high or point X of the cypher pattern.
Thanks for tuning in, As always , dont forget to follow, like and comment
Good Trading everyone!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.