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jabutheo1
Sep 16, 2015 2:11 PM

Cypher Pattern 

Australian Dollar/U.S. DollarFXCM

Description

Cypher pattern reaching for the 78.6 leg. Entry points on the chart. Stops above the Blue line 0.73861 as when back testing you will see that it is a significant level.

Lets bank the pips.
Comments
jabutheo1
Good trade it was on the analyses done for the Cypher. We still awaiting targets to be hit depending if you a swing trader but if not then i will assume you have taken the profits already. The great part about this trade is that it actually retraced without keeping us on our knees, who knows we might open a new week with the market being Bullish oppossed to being Bearish but we shall hope that atleast our 1st target gets hit so we can trail for target 2. Good luck for next week
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