TheForexSamurai

H4: Short trade opportunity with APF - Cypher

Short
OANDA:EURAUD   Euro / Australian Dollar
A potential short trade opportunity here with an APFs completion - Cypher. Better wait for confirmation or enter aggressively with buffered SL. TP, SL, setup POR, and Entry in the PRZ as seen in the chart. Good luck and trade responsibly.

Legends:

Blue line: Aggressive entry order (if)
Gray Zone: Potential Reversal Zone (PRZ) - zone of interest to look for a trade
Red dotted line: Stop-loss order
Red dash line: Setup point of ruin (POR) @ 1.13
Green line: Target profit order (TP1 @ 0.382 CD /TP2 @ 0.618 CD)

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