Opportunity for going long is looking very good, as price approaches the completion of the cypher pattern, wich is near a demand zone. At this moment, demand seems to be in control, because supply levels are being taken out, so let's see how this goes :)
If it completes, there's a nice ride down for profits :)
1.Deep bearish cypher 2, AB-CD 3. RSI overbought with divergence 4. 1.50 even handle 5. Fib. cluster
Despite of Silver failing to create a new high but turning down @19.74 this might be a setup for upside move. 4 possible patterns (cypher, shark, crab, and inverted H/S) showing a very likely bullish move
Short NZDUSD 0.8690-0.8700 SL 40-50pips TP1 0.8550 TP2 0.8250
Made an aggressive entry this morning @0.8625 hoping this Cypher pattern to unfold... The double tops also suggest a possible 2.618 setup for further proof downside. For now I need to see break and close below 0.8607
LOOKING FOR REVERSAL SIGN LONG AT 101.61 STOP BELOW 101.20 AIM 102.60 AND EVEN FUTHUR