Potential Cypher Pattern on AUDUSD
I won't execute this trade as it is not within my trading timeframe and I'm also late to it. This is useful for overall market analysis though.
Expecting the market to bounce off this resistance area, at the completion of this Cypher pattern.
If the prediction is correct, the market shouldn't close above the previous high (X point).
We can also see some major RSI divergence relative to price action.
Expecting the market to bounce off this resistance area, at the completion of this Cypher pattern.
If the prediction is correct, the market shouldn't close above the previous high (X point).
We can also see some major RSI divergence relative to price action.
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