GBPAUD H&S Renko Cypher Long

British Pound/Australian DollarFXCM

Description

⋅ Sep 24, 2016 5:10 AM

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

renkobars GBPAUD