salsapete
Long

GBPAUD H&S Renko Cypher

FX:GBPAUD   British Pound/Australian Dollar
38 0 1
GBPAUD             approaching completion of Renko Cypher @ 1.6978. Potential for a right shoulder formation by .882 retracement.
Buy signal confirmation = 2 brick reversal.

Long Entry 1.6880

Stop Loss 1.6780 ( beneath X)

Target 1 @ 172.40 ( 50 Fib XC) . 3.6 RR

Target 2 @ 1.7680 (C). 8 R

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