Euro / British PoundUpdated EurGbp: Cypher bearish: Wait for the D leg.
Hello Guys.
Here we looking for a cypher pattern to short.
We just got a litlle consolidation, and a break out. nice litlle pullback, into the Doble top Adam&Adam.
We broke Down Again, and make the B leg, on the cypher. ( LH)
After that, we got a nice break Down Again, and got a LL, what make the ( Fibonacci extension C leg).
Now we will wait for the D leg to complete.
If you look where the D leg, come in to, you will see it right into the Support zone, And will be the "resistance" now.
It, can also make decline the cypher, and broke under the C before there D.
Remember to look at the RSI, and some chart patterns.
Here we looking for a cypher pattern to short.
We just got a litlle consolidation, and a break out. nice litlle pullback, into the Doble top Adam&Adam.
We broke Down Again, and make the B leg, on the cypher. ( LH)
After that, we got a nice break Down Again, and got a LL, what make the ( Fibonacci extension C leg).
Now we will wait for the D leg to complete.
If you look where the D leg, come in to, you will see it right into the Support zone, And will be the "resistance" now.
It, can also make decline the cypher, and broke under the C before there D.
Remember to look at the RSI, and some chart patterns.
Note
We got a Little consolidation right now, remember we can not broke under the C.Trade closed: target reached
Target 1 HITTarget 2 HIT
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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.