AUDUSD 60M: Cypher Pattern Setup at Minor Resistance Level
Learn to trade Harmonic Patterns at www.plantotrade.com
Trade Management
Pattern: Cypher
Symbol: AUDUSD
Date: Tuesday, 17th of November 2015
Timeframe: 60M
Entry-Point: 0.7140 (Limit Order)
Stoploss: 0.7162
Take-Profit 1: 0.7114
Take-Profit 2: 0.7098
Description: The AUDUSD Trading Idea is a high probability trading setup, because of the minor resistance level that forms right at the 0.7140 entry level of the cypher pattern. Target 1 will be at the .382 and Target 2 at the 0.618 fibonacci retracement of the CD leg.
Important: If price violates the 0.7072 level, the trade will be invalid.
Learn to trade Harmonic Patterns at www.plantotrade.com
Trade Management
Pattern: Cypher
Symbol: AUDUSD
Date: Tuesday, 17th of November 2015
Timeframe: 60M
Entry-Point: 0.7140 (Limit Order)
Stoploss: 0.7162
Take-Profit 1: 0.7114
Take-Profit 2: 0.7098
Description: The AUDUSD Trading Idea is a high probability trading setup, because of the minor resistance level that forms right at the 0.7140 entry level of the cypher pattern. Target 1 will be at the .382 and Target 2 at the 0.618 fibonacci retracement of the CD leg.
Important: If price violates the 0.7072 level, the trade will be invalid.
Learn to trade Harmonic Patterns at www.plantotrade.com
