AUDUSD Bullish Cypher Pattern Forming, However Still Bearish

AUDUSD Cypher Pattern Forming, Still Bearish

1. AUDUSD came very close to 78.6 Fib level (0.67672) but did not touch it so we still do not have a valid Bullish Cypher Pattern. So we expect it to come down again and complete the cypher pattern. Overall it is bearish anyway.
2. On 4H Chart it is showing a fib confluence at 0.68257 so we can have a short entry from there all the way to 1.618BC where cypher pattern is expected to complete

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Komentarz:

entry was perfect from that blue rectangle. Going strong

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