GBPAUD Emerging Cypher Pattern CD leg

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GBPAUD Emerging Cypher Pattern CD leg

Overall market structure is Bearish .

 

Apparently price has found strong support at the 1.77500 area, a level which forms a base with XABC legs of Cypher pattern .

 

Price has a high probability to travel to the 1.81500 area forming a Deep retrace..

 

Do we have an emerging Bearish Cypher pattern? Or rather the market will break Support level and aggressively continue south?

#OPINIONLEADER# #analysis# #GBP/AUD#

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