Hey guys,
Quick one...so we're seeig a potential reversal on the daily so we are looking for a reason to enter short. If you zoom down to the 60min chart, we have a potential bearish cypher pattern.
Now keep in mind that if the cypher plays out and hits targets. It's important to take profit. I believe we'll see a sudden move in the aussie to the upside breaking above the previous top to around the 0.78675 level. This also offers a potential entry on a Fib Inversion setup to go short.
I find that market usually like to make one more move above or below the level that everyone expects something to happen.
Cheers
Quick one...so we're seeig a potential reversal on the daily so we are looking for a reason to enter short. If you zoom down to the 60min chart, we have a potential bearish cypher pattern.
Now keep in mind that if the cypher plays out and hits targets. It's important to take profit. I believe we'll see a sudden move in the aussie to the upside breaking above the previous top to around the 0.78675 level. This also offers a potential entry on a Fib Inversion setup to go short.
I find that market usually like to make one more move above or below the level that everyone expects something to happen.
Cheers