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UnknownUnicorn180388
24 Jan 2017 pukul 09.18

AUD.USD - BEARISH CYPHER SETUP - .7645 Penjualan

FX:AUDUSD1D
Australian Dollar/U.S. DollarFXCM

Deskripsi

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On the AUD.USD Daily chart we have a potential short opportunity at the D leg completion of bearish Cypher setup.

The price reversal zone on this pair is between .7645 & .7777
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.

Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around .7231
Stop loss would be placed above X leg structure resistance.

Target 1 - .7458
Target 2 - .7342

Komentar

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4hr bearish RSI divergence has now formed.

Komentar

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D leg now complete, potential short opportunity

Komentar

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Market is now starting to push to the downside towards .7458

Komentar

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Technical analysis chart.

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Komentar
eyal676
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its can be also ashark pattern and then the d point can go more then the cypher
UnknownUnicorn180388
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@eyal676, It's not a pattern i personally look at or trade but i hope all goes well
Camtoh
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Hi Tomhall, is this setup still valid or it has already hit invalidation level?
UnknownUnicorn180388
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@Camtoh, The setup is still valid :-)
Camtoh
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@tomhall, ok thank you. Looking forward for prices to head back up to .7645 then.
Obsy
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@tomhall you going in? or you waiting an extra sign? which one will that be?
UnknownUnicorn180388
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@Obsy, I will be awaiting the D leg completion and then set a pending order if it meets my rules.
Obsy
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@tomhall, Ok understood. What happens if it doesnt quite hit D, but retraces?
UnknownUnicorn180388
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@Obsy, There could still be a setup for me, however if your strictly a pattern trader then the setup would then become invalid.
Obsy
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@tomhall, wow, guess i got much to learn from u then
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