#EURAUD Cypher Pattern Short Idea Short

Euro Fx/Australian DollarFXCM

Description

⋅ Mar 16, 2015 10:17 PM

@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.

Comments

TradeYodha

⋅ Mar 18, 2015 10:44 PM

Update First target met. I shorted twice on this

TradeYodha

⋅ Mar 18, 2015 8:03 AM

Update: ABCD pattern spotted inside the zone on 15 min

TradeYodha

⋅ Mar 17, 2015 6:57 PM

Update: Bat Pattern forming on 15 min

Alexander_Nikitin

⋅ Mar 17, 2015 5:08 PM

You are to change your XA leg in order the cypher become valid.
tradingview.com/v/TRWOOkZU/tradingview.com/v/TRWOOkZU/

TradeYodha

⋅ Mar 17, 2015 6:00 PM

That is correct. Thanks for pointing it out

KevinSinghDhaliwal

⋅ Mar 17, 2015 4:39 AM

what do you think?

TradeYodha

⋅ Mar 17, 2015 7:03 AM

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.

UnknownUnicorn107271

⋅ Mar 17, 2015 10:47 AM

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