fxkronk
Short

AUDNZD: Bearish Cypher Pattern in Key Resistance Zone

FX:AUDNZD   Australian Dollar/New Zealand Dollar
37 0 2
In a previous post we indetified a bearish gartley pattern forming in along term resistance zone . Unfortunally we were stopped out but we have another opportunity as in the same area price has formed a bearish cypher pattern.

- Trade this setup in two units
- If price reaches 1:1 R/R ratio place your stop loss at breakeven
- Wach the long term resistance level at the weekly chart here:
snapshot
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