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UnknownUnicorn180388
Jun 24, 2016 9:01 AM

AUD.USD - Bullish Cypher Setup - 0.7252 Long

Australian Dollar/U.S. DollarFXCM

Description

On the AUD.USD 4H chart we have a potential long opportunity's at the D leg completion of bullish Cypher setup.

The price reversal zone on this pair is between 0.7252 & 0.7150
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 0.7583
Stop loss would be placed below X leg structure support.

Target 1 - 0.7407
Target 2 - 0.7501

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