Alex_BPTrader
Short

AUDCAD - Bearish Cypher

FX:AUDCAD   Australian Dollar/Canadian Dollar
+++ Don't forget to LIKE & Follow+++I'm looking at a Potential Bearish Cypher Pattern on 1H, AUDCAD             .
Since price is in downtrend you can use the Cypher Pattern as an entry reason for your shorts.
Stops above X and previous structure level, Targets are conventional - if you choose you can shoot for a retest of A's leg for 2nd Target.

Entry @ 0.9911
Stop @ 0.9978
Initial Target 1 @ 0.9854
Initial Target 2 @ 0.9836

Good Luck!

-Alex
I'm a Professional Currency Trader & Mentor with years of trading experience.
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-Alex
Professional Currency Trader & Mentor
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