johan.larsson
Long

Potential Bullish Cypher @ 0,9748

FX:AUDCAD   Australian Dollar/Canadian Dollar
83 12 6
If we get down to 0,9748 (without front running) before we break the point of C we have a completed bull cypher .

This is not a signal, nor should you take this idea for anything but an idea. I am in no position to tell anyone what to do. I only want to create discussion, and to train my eye..
Careful, don't short on C. There is a good chance for market moving up.
AUDCAD - POTENTIAL CYPHER PATTERN
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johan.larsson PRO mukkarramali
I wait for the pattern to complete before entering. This may very well not happen, but if it does, I am ready to enter.
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Sorry. I meant to say Cypher. Not Bat....
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johan.larsson PRO mukkarramali
that Cypher looks in my eyes a little shallow in the B-leg, doesn´t quite hit the 38,2 right.....
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mukkarramali johan.larsson
You're right. I just got this feeling this one is quite subjective. If I move the X point to the top of first red candle rather than top of the green before it, then it goes over the 38.2% retracement... Lets see, I'm waiting for it to reach D. I went long on the break out of the cup and handle pattern, D is my target profit
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mukkarramali mukkarramali
audcad - cup and handle pattern
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johan.larsson PRO mukkarramali
Cool, good luck with that.
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mukkarramali johan.larsson
Thanks. Good luck with your trades as well... Cheers
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johan.larsson PRO mukkarramali
Thanks
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COOL
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johan.larsson PRO mukkarramali
Thanks for your comments mukkarramali , I appreciate it...
No aggressive C´s for me :)
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No, no, thank you my friend. I'm your follower.
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