AUDJPY - BULLISH CYPHER - 1HR Long

Australian Dollar/Japanese YenFXCM

Description

⋅ Dec 8, 2015 6:15 AM

A bullish cypher trading in the uptrend.

Limit order has been set at the D point which is the 0.786 retracement of XAD

Stops placed just under X and limit set near the A leg.

RSI is rather oversold right now.

Cypher Relative Strength Index (RSI)Oscillators Harmonic Patterns

Comments

VladiB

⋅ Dec 8, 2015 7:02 AM

Isn't the C leg supposed to at least touch 127.2ext of the XA for the Cypher to be valid?