SmartForex
Short

AUDCHF - Cypher Pattern

FX:AUDCHF   Australian Dollar/Swiss Franc
Cypher Pattern formed on this pair on 1 hour timeframe.
We will be waiting for a better entry reason because risk is over 50 pips which is higher than what we would like to have.
We might be looking at a double top .
If pair does not form a double top , we will be cancelling entry orders.
Trade closed: target reached: Pair did form a double top considering the two green candles.
Targets reached and that was a pretty nice trade opportunity.
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