Today we are looking at AUD/JPY on a Daily chart with a potential bearish cypher pattern, this could also potentially be a bearish gartley.
The measurements for a valid cypher are detailed below.
B: 0.382 - 0.618
C: 1.272 - 1.414
X to D: 0.786
As you can see from previous price movement our pair has been trading within a channel, I'll be expecting a spike up to hit our D point, completing our pattern then a sharp move to the downside!
The measurements for a valid cypher are detailed below.
B: 0.382 - 0.618
C: 1.272 - 1.414
X to D: 0.786
As you can see from previous price movement our pair has been trading within a channel, I'll be expecting a spike up to hit our D point, completing our pattern then a sharp move to the downside!
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