See Chart
See chart
Chart speaks for itself.
Are we going to see neckline broken??
Entry aligns with channel 'ceiling'. Targeting 61.8% retracement and channel 'floor' Stop loss- 20 pips above previous high.
Potentially to test lower prices.
Projected target @ 1.618 extension
Ref. Chart
If Price retraces back to previous structure and complies with one of the Fibb levels then I will look for confirmation in a form of candlestick formation (sell signal) or RSI divergence, double top etc.
Bearish Bat in radar. Will it complete??
Potential Bearish Cypher. Price nearing to completion zone.
Solid 1:3 risk/reward trade
Set up of possible Bullish Cypher Pattern
See Chart. 1:2 risk/reward trade