All of you out there that trade the AudCad
patterns, there is a huge bearish cypher
setting up that will hopefully complete sometime this week. Like most cypher
pattern's Target 1 is right at a 1:1 risk/reward, but target 2 is a little better than 1.5:1 risk reward. Being that this particular pattern is about 70% accurate depending on the currency pair and timeframe, this is definitely a setup I will take all day everyday. Good luck and Good trading.