EURGBP Possible Cypher Setup On the Daily Chart 18th March, 2014

EURGBP Possible Cypher Setup On the Daily Chart 18th March, 2014

Daily Chart

• The completion of this pattern is at the 78.6 which is also an area which has been respected as an S/R - This makes a higher probability if this trade was to take place

Outlook Trade opportunity

Bearish Cypher is looking good if market is to retest an important S/R area.

Risk Level Low

Tips -

Always take note of any economical news event on our provided calender below

AUDUSD - LIve Update - as we bounce of trendline

AUDUSD - LIve Update - as we bounce of trendline

My bias since 2 wks ago for the Aussie is still towards the around the 0.92-0.93, therefore I am looking for clues if there is a continuation of an uptrend or if I am wrong.

• Bounced of the broken descending trend line, which could provide support and bounce?
• However I am more happy if prices retraced 20pips lower around the 0.9050 / 50% fib from yesterdays swing low to high

I have a small long position 

Cheers