rafo05
Short

Second chance for short GBPAUD bear cypher h4

FX:GBPAUD   British Pound/Australian Dollar
49 2 2
GBPAUD             is giving us a second change to enter short on a bear cypher h4.
Now it is much better R:R ratio since price action has gone above .786 BUT still inside reversal zone (X has not being violated)
Hello, i expect a retracement at this level also using another setup. I see the cypher you draw the price did not close below the C point, this is a rule for the cypher to be valid........

GBPAUD-H4-some retracement after a rally
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rafo05 FullTimeTrader
Hello FullTimeProTrader

Thank you for sharing your approach. I didn't understand what did you mean with "price did not close below the C point,"

Regards
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