chrystael
Short

BULLISH CYPHER PATTERN

FX:AUDUSD   Australian Dollar / U.S. Dollar
40 3 0
This pattern is a lovely one that terminates at 88.6%

it is creamine and get ready when it gets filled

check for rsi divergence

at this point this market is terminating around 78.6% with first ab = cd pattern completion, but i feel it will still go down for the second ab=cd pattern and at 88.6% a deeper to unleash a small risk to reward ration.

check for good entry before going short
2 things i have in mind now.

either i will trade this breakout



or will wait if it breaks out to the down to trade on the entry on my binary option account rather than forex cause if it breaks out to that side then i might not be logical to trade against the break out flow
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here is a triple bottom on a lowermost time frame,. dont know if it will hold or if the market will still go down as i thought
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well, if this market gets filled at the entry point, i will trade it. and for now, i am not in a trade and not loosing nothing.

if it doesnt get filled then i will not trade it, and will wait for another opportunity
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