TomHall

AUD.USD - Bullish Cypher & Bearish Bat - .7253 / .7607

FX:AUDUSD   Australian Dollar/U.S. Dollar
On the AUD.USD 4 Hour chart we 2 potential trade opportunity's at the D leg completion of a Bullish Cypher & Bearish Bat Setup.

Bearish Bat Setup ( Grey ) - D leg completion .7607
Bullish Cypher Setup ( Blue ) - D leg completion .7253

Potential targets for the bearish bat setup placed at the .382% and .618% retracement of the A to D move.
Potential targets for the bullish cypher setup placed at the .382% and .618% retracement of the C to D move.
Bullish Cypher: Stop loss would be placed below X leg structure support .
Bearish Bat: Stop loss would be placed above X leg structure resistance .


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