AUDUSD - Bearish Cypher
There is a bearish cypher pattern set up on the H4 chart on AUDUSD with D completion at 0.76430.
Trade details below.
Entry at D completion - 0.76410
Stop above X point - 0.77850
Target 1 @ 38.2% retracement of the CD leg - 0.74650
Target 2 @ 61.8% retracement of the CD leg - 0.73500
If price reaches target 1 I closed half my position and move my stop to entry.
Happy New Year!
Luke
Trade details below.
Entry at D completion - 0.76410
Stop above X point - 0.77850
Target 1 @ 38.2% retracement of the CD leg - 0.74650
Target 2 @ 61.8% retracement of the CD leg - 0.73500
If price reaches target 1 I closed half my position and move my stop to entry.
Happy New Year!
Luke
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