I predicted the reversal at point C and if this follows its pattern there should be an option to sell around 1.13800 and it may be a good idea to hold this a while. we are nearing a very popular resistance point as well. let me know what you think of this. its one of my first attempts with Fibonacci.
Audusd Short cyhper, 1 to 1 risk to reward just an idea
HI ALL, We might see a Bullish Cypher pattern setup here. We need to see a D leg Completion at a 0.786% for it to complete. Stops above X leg TGT 1 0.382 TGT2 0.618% Best of luck :)
Read the written text in the chart.
Entry area between 128.21 (minor support) and 129.261 (Cypher Point D) Stops @ 124.868, below Point X and structured support from 13/06/2013 and 16/04/2013 (look left to Ellipse) Targets @ 133.63, just below 38.2 of CD 1 to 1 Risk/Reward if entry is at Point D exactly
Price will most likely reach the fib .382 and .618