PriceActionTrading
Short

AUDNZD COMPLETION OF PATTERN?

FX:AUDNZD   Australian Dollar/New Zealand Dollar
128 3 6
PERSONALLY I WOULD NOT TAKE THIS TRADE, AS RR WOULD NOT BE FAVOURABLE IF I WERE TO TAKE IT.
SL WOULD HAVE TO BE ABOVE 0.786.
NO RSI DIVERGENCE/OVERBOUGHT CONFIRMATION ON H4 NOR D1.
THIS TRADE LOOKS GOOD ON THE OUTSIDE.

H4
snapshot
Hey price action, I believe this is a bearish cypher pattern, if it is then the completion of this pattern is at 78.6% fib retracement level of XC leg.
+1 Reply
Nice one moneymaking, So that means it is not completed yet.? I was thinking something look amiss too in this pattern. Either way, buying or selling now is not viable.
+1 Reply
moneymaking PriceActionTrading
Yes the pattern is still forming. Better to wait for either the pattern to finish or some other good setup to emerge :)
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