1. Bullish Cypher Pattern.
2. Consolidating market condition.
3. Entry point corresponds with strong support level.
4. Bullish divergence on the RSI.
Take profit 1: 38.2%
Take profit 2: 61.8%
Cypher pattern on the GBPJPY where we are currently in consolidation, first target will be the 0.382 from the C-D leg with SL just below the 4hour pin bar at demand zone
I'm currently long EURUSD from end of last week, with entry from this Cypher pattern on the 240min chart.
Looking for some EUR bulls going into the first week of the new quarter.
I will follow this possible situation on AUDNZD very closely on the next days.
Long Traders - You have an Head and Shoulders pattern
Short Traders - Possible bearish Cypher and Gartley Pattern
