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

British Pound/Australian DollarFXCM

Description

⋅ Mar 31, 2015 7:32 AM

#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

USD (US Dollar)Cypher 200sma

Comments

TradeYodha

⋅ Apr 12, 2015 11:56 PM

Lower zone failed but the upper zone worked very well. 1:4 R/R :-D

fx1

⋅ Mar 31, 2015 7:58 AM

The point C has a candle that closes below 1.414 of X to A fiB Extension. Does that invalidate the Cypher ?

TradeYodha

⋅ Mar 31, 2015 8:00 AM

in my data it is not. Wicks have gone past but it has not closed.

fx1

⋅ Mar 31, 2015 8:12 AM

Thats fine, I was also thinking the same thing and that we might have differences in our data providers.