Cable forms bullish Cypher pattern, good to buy at dips
Harmonic Pattern Formed- Bullish Cypher pattern
Potential Reversal Zone (PRZ)- 1.5078
Cable has declined till 1.5100 after breaking minor support 1.5150. It is currently trading at 1.51233.
Any break below 1.5050 will drag the pair till 1.5029/1.5000. The pair's minor support is around 1.5090.
On the higher minor resistance is around 1.5160 and break above targets 1.5190/1.5220 (support turned into resistance)
It is good to buy at dips around 1.5085-90 with SL around 1.5050 for the TP of 1.5160/1.5220.
Potential Reversal Zone (PRZ)- 1.5078
Cable has declined till 1.5100 after breaking minor support 1.5150. It is currently trading at 1.51233.
Any break below 1.5050 will drag the pair till 1.5029/1.5000. The pair's minor support is around 1.5090.
On the higher minor resistance is around 1.5160 and break above targets 1.5190/1.5220 (support turned into resistance)
It is good to buy at dips around 1.5085-90 with SL around 1.5050 for the TP of 1.5160/1.5220.