AUDJPY Short and Long opportunity Short

Australian Dollar/Japanese YenFXCM

Description

⋅ Mar 29, 2016 6:04 PM

A nice bearish countertrend opportunity here, and a potential Cypher.
The textbox explains the rest.

Will be taking traditional AB=CD targets.

Trade active

⋅ Mar 31, 2016 11:28 AM

Got filled on the bearish Cypher.

Cypher countertrend

Comments

Kjetil_Johannesen

⋅ Mar 31, 2016 8:25 AM

Haven't got a valid entry signal yet, but now we have a potential bearish Cypher forming on the 1H chart.
The bullish Cypher is now invalid as price closed above 1.414 extension.