GBPJPY last short before changing trend

We following the GBPJPY -0.06% direction, this pair has been moving in range inside a big consolidation, the best part of consolidation is advance pattern formation, we can see first butterfly completion takes you Cypher pattern formation, This pair is a solid area for sell

تعليق:

After a clear impulse there is a lot of consolidation, and consolidation just works perfect to find symmetry for advanced patterns. Here we are following major Cypher pattern fro the sell, on the top of the cypher, point D, strong consolidation before big move down, we found other mini cypher and shark pattern to confirm sell from the high!