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FIBSII
Mar 8, 2017 10:37 AM

AUDUSD Cypher at Market Long

Australian Dollar/U.S. DollarFXCM

Description

Hey all,

Just found this at market Cypher pattern on AUDUSD, It did complete a little earlier but is still valid as the X leg hasn't been broken. Will be looking for the usual 38.2 and 61.8 targets, and the stop loss I have on this is the 113 fib. Risk Reward is actually pretty good for a Cypher, as normally it's slightly less than 1:1!

Will be looking for a press up this week as it's a relatively small pattern for the 4H timeframe,

Fibsii
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