A cypher pattern at resistance level with video explanations

FX:AUDUSD   Australian Dollar / U.S. Dollar
Hey mates, I am looking for this cypher to complete. The whole process of analysis is explained in this video. Have a look, it is less than 10 minutes. And it shows how my approach can be applied for lower timeframes as well.
//|This pattern was found with Pattern Search Software (c)
//|Contact me if you wish to get your copy of it
Best regards, Alexander Nikitin
A professional trader & a programmer.
Short is on!!
Entry position looks fine considering that it would be near an area of resistance on higher time frames. But based on a different method or perspective, I'm doubtful that the entry point above is likely to be met. - if it does that's totally fine. The market is the ultimate judge, jury and executioner. The markets hold the future - not me. We agree as always: plan your trade, trade your plan. :)
+1 Reply
Alexander_Nikitin Captain_Walker
AUDUSD next week short @ 0.7708, sl 5p, TP 0.7405
It's ok if it is what your trading plan says:)
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