TradingView
UnknownUnicorn180388
May 29, 2016 7:45 AM

AUD.USD - Bullish Cypher Setup - 0.7179 Long

FX:AUDUSD60
Australian Dollar/U.S. DollarFXCM

Description

⋅
On the AUD.USD 1h 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 0.7179 & 0.7162
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 0.7231
Stop loss would be placed below X leg structure support.

Website: UKForexSignals.com
Instagram: Instagram.com/UK_Forex_Signals
Instagram: Instagram.com/Tom_Hall_Official
Twitter: Twitter.com/Tom_H_Official
Bullish PatternsLONGukforexsignalsbuyCypherHarmonic Patterns
Comments
Antilogs
⋅
Hi Tom, I see a strong downtrend on both Daily and H4 time frames, shouldn't we expect to see more bearish movement to the downside?
UnknownUnicorn180388
⋅
Hi,
It is certainly possible, If price doesn't give a signal to get long then we wont enter the trade.
Antilogs
⋅
Makes sense thanks
UnknownUnicorn180388
⋅
Have a great trading week.
LaiptaiCervinskas
⋅
Hello gentlemen and ladies

Please find my analysis, and please do comment:


Thank you for your attention.
UnknownUnicorn180388
⋅
Great work.
stream
⋅
a bit more than that
stream
⋅
a bit more down i mean
UnknownUnicorn180388
⋅
It is certainly possible, awaiting market open.
stream
⋅
really i joke .. its not a bit , but much more than .that .. a short will be ok
More