Krunal.Patel
Short

EURAUD 60 Bearish CYPHER PATTERN @ 1.5550

FX:EURAUD   Euro Fx/Australian Dollar
Hi Guys,

This is a bullish CYPHER pattern @ 1.5550 and stop loss will be placed below the X leg which we use as good support in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade.

Thank you for your support.

Trade Numbers:

Risk: 60 x 2 = 120 pips
Reward #1: 60 pips. R:R = 1:1
Reward #2: 95 pips. R:R = 1:1.6

Plan your trade... Trade your plan.
Trade active: Short @ 1.5550
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