SmartForex
Long

EURAUD - Potential Cypher Pattern

FX:EURAUD   Euro / Australian Dollar
Potential Bullish Cypher on 1 hour chart.
Pair is currently on a downtrend ( daily chart ) but has not put any new structure lows.
We might be looking at a shift in trend.
Risk Reward ratio is too high (almost 100 pips).
More conservative entries could be located somewhere between X and D in order to reduce the risk a little.
Trade active: Price has now reached the area between X and D as expected.
We will be waiting for a better entry reason, double bottom in this case.
If price does not give us a double bottom, we will be cancelling the trade.
Order cancelled: Price did not give us a double bottom so we cancelled entry orders.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out