We can see how the market has finished creating the harmonic pattern for which we created the divergence. confirming USDCAD's fall
Observing the divergence created to the same one are only setbacks that the market takes but the tendency of fall follows the one that governs
We can observe the divergence created again so we find a hidden divergence where we represent another fall in price.
We can observe the formation of our boss, I join this one to presented the difference, where we hope that the market should respect the dear percentage of area.
As we mentioned earlier in the GBPJPY analais we have begun to respect the territory of 1.618% in the C extension so now the price will look for the approximate setbacks that will reach the resistance R2 being this 50% as mentioned by the employer harmonic, which is why we expect that at that point the price will make a divergence in RSI to begin to descend
During the trajectory we have found a formation of Elliot Wave, as well as Cypher Pattern, we are considering that there may be a Re-Test, raising the price to the upside, we will find the Divergence if we see the market in 4H even in 1H.
It is important to recognize each employer on their setbacks and extensions
In the GBPJPY currency we can find that it is made up of 2 corrections of harmonic patterns such as the Bullish Shark, which completes the point C and we are looking for the D point that would be the 50% correction for which this harmonic pattern falls on the Bullish 5-0 in turn we could find a correction of Cypher Pattern in which both patterns indicate their...
When analyzing GBPJPY we find that we are in a sideways correction which is satisfied with a Sharp plus its correction of 5 which is the correction of 5, the patterns of an "expanding" triangle, which indicates a change to the low, at the end we can see how he found support with the Pivot tool in support 1, which could indicate a movement Fake, or a total break...