AC 2 GBPJPY
Head and Shoulder Pattern with Strong Head Wick in major resistance zone.
Zone also happens to be where previous Cypher Pattern hit the D point and had a reversal.
Other confirmations are a Continuation Divergence for the Bear trend as well as Multiple Confluence on the 1 H & 4 H
ME
Sl @ 140.208
TP @ 139.342
TP2 @ 138.920
TP 3 @ 138.626
Zone also happens to be where previous Cypher Pattern hit the D point and had a reversal.
Other confirmations are a Continuation Divergence for the Bear trend as well as Multiple Confluence on the 1 H & 4 H
ME
Sl @ 140.208
TP @ 139.342
TP2 @ 138.920
TP 3 @ 138.626
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