ssaethre
Short

Bearish Cypher AUDUSD 60M

FX:AUDUSD   Australian Dollar/U.S. Dollar
32 0 2
AUDUSD             is in a strong downtrend and we would look for bearish setups. Here's a quite strong setup with a Bearish Cypher forming just before a structure. Entry would either be right on the bat at "D" or for more conservative traders like myself wait for it to hit between 0.79963 - 0.80443 for a tighter stoploss and higher probability reversal. TP could be at Fiblvls 38.2 and 61.8 of either AD or CD.
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