joni.rcunha

EUR/AUD: Possible Bearish Cypher Pattern

Short
FX:EURAUD   Euro / Australian Dollar
0
At 1.47870 we have the D point and Bearish Cypher Pattern complete.
First Target - C-D 38.2 retracement (Risk/Reward Ratio: 1.13)
Second Target - C-D 61.8 retracement (Risk/Reward Ratio: 1.81)
Stop above X point

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.