#EURAUD Cypher Pattern Short Idea

FX:EURAUD   Euro / Australian Dollar
@TradeYodha (

#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
Update: ABCD pattern spotted inside the zone on 15 min
Update: Bat Pattern forming on 15 min
You are to change your XA leg in order the cypher become valid.
TradeYodha Alexander_Nikitin
That is correct. Thanks for pointing it out
what do you think?

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.
dangap KevinSinghDhaliwal
Myself I'm looking for a retest of the trend line with a sell limit in place waiting.
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