TradingView
TPTrading
Dec 17, 2015 3:47 PM

AUDUSD Bullish Cypher almost completed 

Australian Dollar/U.S. DollarFXCM

Description

Bullish Cypher is almost completed... Area for entry is on an ascending trendline that´s been tested a few times. Risk/reward to target 1 is 1:1, not exceptional but it´s OK because this is Cypher pattern. Cyphers are known to produce good result with high probability.

Trade active

Long @ 0.70982

Trade active

Target 1 was reached. Closed half of my position. Now going to Target 2...

Trade closed: target reached

... and Target 2 was finally hit at Christmas Eve:)
More