GOLD is approaching support ( andwe have a harmonic Cypher pattern already completed on the Daily Chart)
I will wait for some kind of reversion and a reason to enter at 38,2 fib retracement and 161,8 Fib Extension on the 4 Hours Chart
Gartley and Cypher harmonic pattern on GBP/JPY -
Last Friday I already submit this possible setup
- RSI divergence at 30 min, Over Sold and a falling wedge at 30 min chart is the reason for me to enter on this trade.
2 Harmonic Cypher Patterns on GBP/JPY
This is my favourite and most profitable pattern
The First one will be concluded at the confluence of the 50% Fib Retracement and 161,8 Fib Inversion and 100 EMA.
The Second on at 38,2 Fib Retracement and 127,2 Fib Inversion and 200 EMA.
Possible Bullish Cypher on USD/CHF (for me the the most annoying pair)
Cypher Harmonic Pattern
161,8% fib extension
50% fib retracement level
On the day chart price is approaching the 200 EMA
EUR/USD negative correlation with USD/CHF is approaching the 1.1450 price, we can expect a pull back to.