Oztrade
Short

EURAUD - POTENTIAL BEAR CYPHER 120M

FX:EURAUD   Euro / Australian Dollar
22 0 0
Hi All another potential pattern on the radar. If we see a move similar to the orange lines not necessarily exactly along them but at least a 38.2% Retrace minimal from the Cypher C Leg then we could have a BAT Pattern rather than Cypher entry - this would be more favorable to minimize risk and increase potential reward - the only structure level we have after B is the X Leg. Either way we know how successful Cypher Patterns are.
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