Hello traders!
Today we have a very nice setup on
GBPJPY
.
As we see on the chart the market has broken the neckline of H&S, resistance is now a support; which means we are not in a bullish trend. Currently we have 3 potential harmonic pattern.
1. Big cypher
2. Little cypher
3. Bat
According to my analyzes the best reversal zone is "PRZ 1" which is a completion levels of little cypher and bat patterns; plus OR zone. Besides there is an opportunity that price will reverse at the neckline level.
--
Avto_T
Financial Analyst
www.rcpforex.com
Today we have a very nice setup on
GBPJPY
. As we see on the chart the market has broken the neckline of H&S, resistance is now a support; which means we are not in a bullish trend. Currently we have 3 potential harmonic pattern.
1. Big cypher
2. Little cypher
3. Bat
According to my analyzes the best reversal zone is "PRZ 1" which is a completion levels of little cypher and bat patterns; plus OR zone. Besides there is an opportunity that price will reverse at the neckline level.
--
Avto_T
Financial Analyst
www.rcpforex.com
