AUD/USD - Bearish Cypher Short

Australian Dollar/U.S. DollarFXCM

Beschreibung

⋅ 17. Jan. 2017 11:46

Hello traders, following up from my previous post on price structure it appears AUD/USD is now forming a bearish cypher pattern on the 4h chart.

The measurements for a valid cypher are detailed below.
B: 0.382 - 0.618
C: 1.272 - 1.414
X to D: 0.786

I'll be looking for extra validation before entering this trade!

Trade ist aktiv

⋅ 14. Febr. 2017 15:27

We are now ready to sell, base your entry on the price structure shown below.

Kommentare

arif_awan

⋅ 18. Jan. 2017 02:56

LewisGlasgow

⋅ 18. Jan. 2017 12:28

@arif_awan, great analysis but that isn't a valid cypher pattern.

arif_awan

⋅ 18. Jan. 2017 22:52

@lewglasgow,its valid
D is between BC: 1.272 AND X to D: 0.786

LewisGlasgow

⋅ 18. Jan. 2017 22:57

@arif_awan, it doesn't matter you used the XABCD tool instead of the cypher... Your chart is showing a 1.693 C point and X to D of 0.698 that's why lol

pabloescoto

⋅ 17. Jan. 2017 12:11

Great analysis, well done!

LewisGlasgow

⋅ 17. Jan. 2017 12:14

@pabloescoto, thank you!

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