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Fxprotrader
Jan 2, 2017 4:11 PM

AUDUSD Another Buy Opportnity With Cypher Completion Long

Australian Dollar/U.S. DollarFXCM

Description

In my last AUDUSD post (link below) price never completed the bullish bat pattern i was hoping to take, but now three days later at the same support level we have the completion of a bullish cypher pattern. On it's way down price went through the 78.6% fib level of D point, it bounced back and is now once again at the same level. Sl and tp as shown at the chart. If price reaches the first tp, we move sl at breakeven at second position.

Trade closed: target reached

We may move sl at breakeven at second position..

Trade closed: target reached

This setup worked very well. Profit booked..!
Comments
marioxiao
Very nice
Fxprotrader
@marioxiao, Thank you :)
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