J_Graystone
Short

AUDUSD Short Opportunity 2618 with Cypher

FX:AUDUSD   Australian Dollar / U.S. Dollar
512 8 15
Those of you who have been following my Fib Inversion Set up on this trade, well we are now have a more conservative approach presenting itself as we have broken and closed below the DT retracement and market is now pushing up for a 2618 set up.
Now we always explain to our clients that if the Risk Reward doesn't meet a minimum 1:1 then you can wait for price action to come to you so that you are involved when it does!

Well if you drop to the 60 min chart, you will see there is a cypher pattern at the 786 retracement at 0.7102

We also have an even handle number 7100 so would be worth making sure you front run your orders to get just below that even handle.

Lots to look at in the room this morning.


http://www.tradeempowered.co.uk

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On my radar as well. Took bullish gartley that completed at .7015 and my second target will flip short into this trade.
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snapshot
you are wright i am also waiting for this last leg to go short i hope we gonna see this last leg thanks for sharing
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EdW GoodLuckbabe
time and price will tell if he is right ;-)
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i am endorsing his idea mate as every body read the market differently and people use thousand ways to make money in this market this does not mean they all predicted market %100 in accurate way and nobody can do this what we can do is we can trade with ideas and always price and time tell that we were wright or wrong.
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but the pattern haven't complete yet
+1 Reply
Nope. But its an idea for anyone looking to get short.
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Nice one!
+1 Reply
Thanks
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