TradeYodha
Short

#EURAUD Cypher Pattern Short Idea

FX:EURAUD   Euro / Australian Dollar
@TradeYodha (TradeYodha.com)

#EURAUD Cypher Pattern Short Idea

1. Cypher Pattern
2. Previous structure retest
3. 200SMA in the zone

We should expect at least 1:1 R/R

I would love to hear your opinion, feel free to agree or disagree in your comments and like the idea if helps.
Update First target met. I shorted twice on this
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Update: ABCD pattern spotted inside the zone on 15 min
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Update: Bat Pattern forming on 15 min
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You are to change your XA leg in order the cypher become valid.
https://www.tradingview.com/v/TRWOOkZU/
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TradeYodha Alexander_Nikitin
That is correct. Thanks for pointing it out
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what do you think?


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TradeYodha KevinSinghDhaliwal
In my opinion, EUR is still short and will go further down. Your trend line is broken. But keep an eye on it and always take positions carefully.
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dangap KevinSinghDhaliwal
Myself I'm looking for a retest of the trend line with a sell limit in place waiting.
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