Brought to my attention by one of my Syndicate Members, what we're looking at is a bearish Cypher pattern. If you take a look at the recent movement of the market we've just put in a new structure low (LLLC) and the Cypher completion comes at a retracement back into previous structure along with a 38.2 Fibonacci retracement from our bigger swing.
Unfortunately for me this isn't a pair that's in my trading portfolio so I won't be able to participate, but certainly thought it was worth the share for those that do trade this pair.
Akil
Trade Empowered
YouTube: www.youtube.com/chan...eEks3MWZqOsvzTF_LGQg
Blog: ratiotradingmentor.com/
Unfortunately for me this isn't a pair that's in my trading portfolio so I won't be able to participate, but certainly thought it was worth the share for those that do trade this pair.
Akil
Trade Empowered
YouTube: www.youtube.com/chan...eEks3MWZqOsvzTF_LGQg
Blog: ratiotradingmentor.com/
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