Bearish Cyphers // IF=THEN ® Short

Australian Dollar/Japanese YenFXCM

Description

⋅ Oct 31, 2015 12:24 AM

FX:AUDJPY

Short-term bullish & bearish IF completed (IF=THEN)

Check previous published idea "Short the 618 and buy the bulls // IF=THEN ®": - Monthly Chart*

link below

CYPHER:
Point B:
38.2% to 61.8% XA
Point C:
127% to 141% ext XA
Point D:
78.6% XC
Target:
TP1 38.2% CD
TP2 61.8% CD

Safe trades;

Comments

IvanLabrie

⋅ Oct 31, 2015 1:34 AM

Great chart.
Let's dissect this move:

I don't really expect such a move up, but we'll know soon enough.
Red lines are resistance, if we move above, then my projected targets below get invalidated.