AUD.USD - BEARISH CYPHER SETUP - .7483
On the AUD.USD 15min chart we have a potential short opportunity at the D leg completion of bearish Cypher setup.
The price reversal zone on this pair is between .7483 & .7497
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around .7440
Stop loss would be placed above X leg structure resistance.
Target 1 - .7463
Target 2 - .7451
The price reversal zone on this pair is between .7483 & .7497
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around .7440
Stop loss would be placed above X leg structure resistance.
Target 1 - .7463
Target 2 - .7451
Comment:
5 EASY STEPS TO TRADE THE GARTLEY PATTERN
Trade closed: target reached
Comment:
Consolidation / retracement now expected.
Comment:
Pullback to .7424 / .7440 now expected.
Comment:
AUD.USD - 2016 Results
Executed Positions: 23
Positions Won: 15
Positions Lost: 8
Win Percentage: 65.22%
Executed Positions: 23
Positions Won: 15
Positions Lost: 8
Win Percentage: 65.22%