GBP-CAD Potential bearish Cypher pattern completion
On the GPB-CAD We have a potential bearish Cypher pattern completion at 1.8879 while we wait for the completion of the bigger Bull Cypher pattern down at 1.8443
This pattern is against the trend but it looks like we topped off as X of this pattern is the C of the bigger pattern, also on the H1 we got a lower low - lower close that could indicate a shift in sentiment. RSI is at the mid level yet but lets see if it comes more close to the over bought (80) range before the pattern completes.
Comments good and bad is appreciated
Kind regards
Thomas Voss
This pattern is against the trend but it looks like we topped off as X of this pattern is the C of the bigger pattern, also on the H1 we got a lower low - lower close that could indicate a shift in sentiment. RSI is at the mid level yet but lets see if it comes more close to the over bought (80) range before the pattern completes.
Comments good and bad is appreciated
Kind regards
Thomas Voss