Hello traders! We have a bearish Cypher completed on the Aussie-Yen. This could present a possible short opportunity. Not only are we look at a bearish Cypher, the C-D impulse leg is at an overbought area where we are seeing a push up to the 1.13 extension of the impulse move. If the market fails to push higher and we see price break below the zone illustrated, we could see a bearish reaction. This would represent a failed break and we have an harmonic pattern for extra confirmation. Price action should be monitored for trade opportunities. This is an idea not a signal, shared for educational purposes. We should react from the market, not predictions. Trade smart don't gamble.
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