anthony.pham00

Potential Bearish Cypher on the Daily (AUS200)

FX:AUS200   Indice S&P/ASX
1
Expecting a rally soon..however play it safe as there is a potential cypher up around 5880 where we may see some small or large sell off.
There is multiple areas showing confluence with an:
- AB=CD Pattern
- Advanced pattern
- Fibonacci ratio confluence on the retracement and extension levels
- Price is also at a structure level where price has held and consolidated multiple times before breaking down.

Some volatility between now and then.
Also expecting alot of economic data this week and next. The main focus will be with the FOMC interest rate decision followed by FOMC statement..
Trade safely.

Thi

Cheers
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.