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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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.