We are buying this pair to complete a cypher pattern as all our 2 technical levels are respected, The 0.618 Fib retracement,1.272 Fib Extension.
we now chasing the 0.786 Fib retracement from 0 Fib Retracement to 1.272 Fib Extension. We will also Sell this pair since this will complete a Bearish Cypher pattern @ 1.15711 which is our TP(Take Profit). We will also take profit at 0.618 Fib retracement from 1.272 Fib Extension to 0.786 Fib retracement.
we now chasing the 0.786 Fib retracement from 0 Fib Retracement to 1.272 Fib Extension. We will also Sell this pair since this will complete a Bearish Cypher pattern @ 1.15711 which is our TP(Take Profit). We will also take profit at 0.618 Fib retracement from 1.272 Fib Extension to 0.786 Fib retracement.