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Wonour
Sep 7, 2016 6:36 AM

AUDUSD Possible Bearish Cypher on the 4hr  Short

Australian Dollar/U.S. DollarFXCM

Description

couple of thoughts on this pair.

I first saw a possible Double Top as we have come back up to the area of the previous highest wick and we could see a drop back from these levels as before. Also looking at the movements a pbeasigh cypher is almost complete.

Also we have had this recent impulse leg up which if we saw an outside return it could co inside with 382 and 618 targets of a cypher.

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