TradeYodha
Short

#GBPAUD 2 Zones to Short (Cypher, 200SMA)

FX:GBPAUD   British Pound/Australian Dollar
#GBPAUD 2 Zones to Short ( Cypher , 200SMA)

1. 200 sma in the first zone
2. first zone is previous resistance area
3. second zone is where cypher completes
The point C has a candle that closes below 1.414 of X to A fiB Extension. Does that invalidate the Cypher ?
Reply
in my data it is not. Wicks have gone past but it has not closed.
snapshot
Reply
fx1 TradeYodha
Thats fine, I was also thinking the same thing and that we might have differences in our data providers.
Reply
Lower zone failed but the upper zone worked very well. 1:4 R/R :-D
Reply