AUD/CAD: Possible Bearish Cypher Pattern (1H Chart) Short

Australian Dollar/Canadian DollarFXCM

Description

⋅ Jul 7, 2015 3:54 PM

At 0.94922 we have the D point and Bearish Cypher Pattern complete.
First Target - C-D 38.2 retracement (Risk/Reward Ratio: 1.12)
Second Target - C-D 61.8 retracement (Risk/Reward Ratio: 1.81)
Stop above X point