FIBSII

AUDUSD Potential Cypher

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
Hey all,

Here is a potential short Cypher pattern forming on AUDUSD 4H. It still has quite a while to go however we are now on the final C-D leg and looking to break above the B leg structure point.

If we do get a pattern completion, we will be looking for the usual 38.2 and 61.8 fibonacci targets. The risk reward on this pattern gives us approx a 1:1 to target 1 and 1:4 to target 2 so it's pretty good!

Will be watching this pattern moving into next week,

Fibsii