AUDNZD: BEARISH CYPHER PATTERN COMPLETED ON 4 HR CHART !!!

Hello Traders,

Just like in NZDCAD pair, we have a bearish cypher pattern completed on AUDNZD pair. Since these 2 pairs are negatively correlated, we got two opposite trading opportunities in them. I published both setups, so that you guys can choose either or both of the setups if you have these pairs in your portfolios watch list. Market is currently sitting at my entry point, which is bit higher than the 78.6% level. Stops go above the key psychological round number of 1.0900. See the chart above for more details.

Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Thank you everyone for all the SUPPORT that you have given me so far, I truly appreciate it. Good luck everyone :)

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Kommentar:

UPDATE #1: Hey guys, after market had moved far enough from the D completion point, the the targets had to be adjusted. So after doing that our 1st target has been reached. Stops move to break even.

Kommentar:

LAST UPDATE: Hello everyone, our break even stop loss has been reached. All positions are now closed for this setup.