AUDCAD
A closer look at this pair:
1. The 3h chart, forged supportH1 and price still above it;
2. This is the C point for an eventual Cypher Pattern that points to previous supportW1 (now resistance);
3. IF this patterns completes,a the first target is the supportD1, and the second is the resistanceH4, the 38.2% and 61.8% respectively;
4. The finalization of a Double Bottom formation on higher timeframe;
5. The Right Shoulder of an weekly H&S formation. (check previous published idea for the appropriate view);
CYPHER:
Point B:
38.2% to 61.8% XA
Point C:
127% to 141% ext XA
Point D:
78.6% XC
Targets:
TP1 38.2% CD
TP2 61.8% CD
Ratios here:
Safe trades;
