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Kjetil_Johannesen
Feb 5, 2016 3:45 PM

Cypher AUDUSD Long

Australian Dollar/U.S. DollarFXCM

Description

Market turned south after hitting my trendling ending in a Three drives pattern, and is inching in on
a potential D-completetion of a Cypher on the AUDUSD.

I managed to catch the top of the three drives, and am approaching my target2 a little above the D-completion.
Hoping to ride this one back up again.

Always conduct your own analysis before placing a trade.

Trade active

Got filled eventually.

Trade closed: target reached

That was quick.
Closed first position, and moved stops to breakeven.

Preparing for a potential bearish Cypher on the way Down if my target2 is hit.

Trade closed: target reached

Forgot to update.
Target2 was also hit.
Comments
Kjetil_Johannesen
3 cyphers.
More