leitmotiv
Short

Bearish Cypher pattern formation on AUDNZD

FX:AUDNZD   Australian Dollar/New Zealand Dollar
Hey guys,

Look out for a bearish cypher pattern formation coming up on the FX:AUDNZD             . I am looking for a rallye to 1.0850. If price action reaches that level I will be shorting with a stop loss 20 pips above the X point and targets at the 382 retracement (T1) and 618 retracement (T2) of my CD leg. My D point happens to coincide with the resistance level of 1D wedge upper resistance level.
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