ThomasJeff_DCM
Short

AUDUSD Potential Bearish Cypher pattern completion

FX:AUDUSD   Australian Dollar/U.S. Dollar
Here we got the Aussie that went down to major Support several times, marked in circle the last hit. Here we got a big retracement with a double top , where we hope to capture a new downmove down to the major support on this Cypher pattern . Watch out for the RSI to move in to overbought condition also.

Remember this is kind of a counter trend move, at lease on the 60min. intra day timeframe so we only go for target 1 and close full position at that level. Next to that we got NFP tomorrow so watch the trades carefully!

Kind regards
Thomas Jeff
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