(2h) Completed ABC at 127% extension // Bearish Cypher @07754$

FX_IDC:AUDUSD   Australian Dollar / U.S. Dollar

Entry @127%
Stops below the 161%
First target the 38% of ABCD
Second target the 61.8%

Safe Trades;
Hey mate, so your SL is at .7440? Thanks!
below the 161% extension, but it should be set according to your risk management strategy. This is according to "the manual". ABCD pattern once completed @127% extension, it can not close below the 141% that will invalidate the "default" pattern, so recommend an SL below the 161% extension.
+1 Reply
SkyrEk Trading_Jazz
Alright, thanks mate! Will be monitoring on this counter trend trade :) safe trades to u.
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