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LewisGlasgow
Jan 24, 2017 11:49 PM

AUD/CAD - Bearish Cypher Short

Australian Dollar/Canadian DollarFXCM

Description

Hello traders, it appears AUD/CAD is now forming a bearish cypher pattern on the 4h chart. This is an excellent opportunity with a potential 400+ pip return!

The measurements for a valid cypher are detailed below.
B: 0.382 - 0.618
C: 1.272 - 1.414
X to D: 0.786

I hope you all have a great week :)
Comments
Shloydo
do you think this to still be valid?
LewisGlasgow
@lloyddavies64, aye it's still a valid pattern, check the daily timeframe for any indication of a reversal.
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