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 :)
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out