Casey_Yeo
Short

AUDUSD - cypher pattern completed

FX:AUDUSD   Australian Dollar/U.S. Dollar
Short order triggered as the pattern completed during Asian session. There is a warning that price may continue upward further as the pattern was completed with a long wide candle indicating bullish momentum .
lpernetta PRO
2 years ago
and note that the CD leg is an X to C of a bull cypher. XA 16/7@0am to top of wick 18/7@4am - B finishes 21/7@4pm and C (1.27fib) is top wick 22/7@8pm. 0.786 is right where your target is on your chart (pip more / pip less)
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Casey_Yeo lpernetta
2 years ago
Thank you for highlighting that. I hope I'm getting this pattern right though as I'm still learning to identify them.
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lpernetta PRO Casey_Yeo
2 years ago
That bull cypher I mentioned before... invalid, price action is up and most likely bar will close above 1.41 fib making bull cypher invalid. I hope you have high stops on this current bear cypher. I was greedy and just got stopped out....
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Casey_Yeo lpernetta
2 years ago
my stop is as per my chart. always beyond X.
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