audusd h4 bearish cypher Short

Australian Dollar/U.S. DollarFXCM

Description

⋅ Jun 9, 2015 2:51 AM

AudUsd offers a short opportunity with a bearish cypher
Entry@0.7768 (might be reduced considering spread)
SL @ 0.7825 (set 20 PIPs above X, might be adjusted based on ATR)
TP1@0.7700 and TP2@0.7665

As soon as TP1 is hit, SL is moved to BE.

Lets see how market behaves... enjoy

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USD (US Dollar)h4 Cypher Bearish Patterns