GBPAUD Emerging Cypher Pattern CD leg

GBPAUD

Overall market structure is Bearish.

Apparently price has find strong support at 1.77500 area, a level which forms a base with XABC legs of Cypher pattern.

Price has a high probability to travel to 1.81500 area forming a Deep retrace..

Do we have emerging Bearish Cypher pattern? Or rather the market will break Support level and aggressively continue south?

#CapturingLowHangingProfits.

Trade stängt: Stopp nått:

Trailling stop hit with profits!