FX:AUDUSD   Australian Dollar/U.S. Dollar
35 2 0
Posted earlier this week the BAT and potential Cypher on this pair.
Well, both patterns hit both targets and we're now presented with another bearish Cypher on this pair.
Let's see if this one will also be a winner : 3 in row ? :)

Trade closed: target reached: target 1 reached on the bearish Cypher ...
This pair is performing well today :)
hi,

is the last one really cypher? because "C" leg didnt close below "A".
Reply
Hi,

The way I backtested and trade the Cypher is that C can't closed past the 1.41 fib extension from XA leg, and needs to at least touch the 1.27 extension. So for me, based on my backtesting and entry rules it's a valid one. But it might not be for you, and I understand that :) Tks for the comment and the follow though :)
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