This pair have just hit the .786 completion of a cypher pattern. Along with it hitting the top of a longer trend line formed over the last couple of weeks I see this pair going short. First target is the .386 fib at .8878.
With this pair reaching the outside figure of .886 of the cypher it is looking like rolling over for the first target. This looks like an ideal entry point, stops 10 points above X
18/02/14. With this pair failing to break through at its current level and still not having invalidated the pattern, i can only see this going down.
With this pair reaching the outside figure of .886 of the cypher it is looking like rolling over for the first target. This looks like an ideal entry point, stops 10 points above X
18/02/14. With this pair failing to break through at its current level and still not having invalidated the pattern, i can only see this going down.