AUDUSD Long opportunity (Cypher pattern)
Just scanned the market today and found this cypher pattern, as indicated the D point would be around 0.68865. This is also backed up with a support or demand area as highlighted in blue colour. Wait for confirmation typically a no lower low, and in this case might be ranging for a while then spike up first.
I have also drawn the potential K chart path and if scenario A happens you may take the long. If scenario B happened don't take this trade as the support is shown to be weak.
Good luck
Steven
I have also drawn the potential K chart path and if scenario A happens you may take the long. If scenario B happened don't take this trade as the support is shown to be weak.
Good luck
Steven
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