WendelinProbst
Long

AUDCHF: Bull Cypher if we break down through support level

FX:AUDCHF   Australian Dollar / Swiss Franc
92 2 2
currently we are sitting on a strong support level and I am thinking of getting long right here. but if we break down this Cypher could come into play.
Coul very well be. I trade only patternand this is a valid Cypher. After entering I eed only a small bounce back to 0.8435 to take the first target and place the stop on BE. And I Need only 1 out of 2 such Patterns to be a winner. So I try to do my work in advance before the Price Action gets to the Trigger and then I normally don`t care what the trade does. I only have to adjust the Targets if we go below the entry Level as Long as I am not stopped out. After trading 100 such Patterns there should be a nice Profit like the Casino house has ist edge vs. the Gamblers.
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I see resistance around .8720 with double head since July 2013 till now and MACD is also heading down so I think price is going down at the moment.
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