Price made a big move on Friday for this pair...
As price is approaching the bottom of this ascending trend channel, a bullish cypher is starting to form.
The measurements for a valid cypher are detailed below.
B: 0.382 - 0.618
C: 1.272 - 1.414
X to D: 0.786
I have posted a previous analysis on this pair:
It shows a bearish 5-0 pattern if price breaks the trendline.
But there is one thing for sure...
There are pips to catch on this pair ;)
As price is approaching the bottom of this ascending trend channel, a bullish cypher is starting to form.
The measurements for a valid cypher are detailed below.
B: 0.382 - 0.618
C: 1.272 - 1.414
X to D: 0.786
I have posted a previous analysis on this pair:
It shows a bearish 5-0 pattern if price breaks the trendline.
But there is one thing for sure...
There are pips to catch on this pair ;)
