VasilyPonomarev
Short

SHORT EURAUD: bearish cypher pattern in trading range

FX:EURAUD   Euro / Australian Dollar

pair is trading in side-move in 1.57 - 1.585 trading range.
Market is very close to trading range structure resistance .
We have a completed harmonic bearish cypher pattern,
pattern completion point matches perfectly with structure.

1.580 - 1.585 is selling zone.
1.576 initial target
1.572 second target
Trade closed: stop reached
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is it market really going to fall cause, it has been showing signs of reverse and nothing is happening... give me a feedback pls
Reply
VasilyPonomarev GideonChibuike
@GideonChibuike, easier: it is just approaching a significant level of resistance so it is worth to short it
Reply
GideonChibuike VasilyPonomarev
@VasilyPonomarev, alright
Reply
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