AUDCAD advanced pattern shorting opportunites on 4H chart
Updated
We have a bearish cypher and a gartley pattern forming here. Sell cypher @1.01145 and sell gartley at 1.0081.
The cypher pattern has very strong resistance above X for stops (see higher time frame) which make it a great opportunity to sell. Furthermore, this gartley pattern has a great Risk/Reward ratio as D completes way up near X so stops will not be too far allowing us to enter with low risk.
The cypher pattern has very strong resistance above X for stops (see higher time frame) which make it a great opportunity to sell. Furthermore, this gartley pattern has a great Risk/Reward ratio as D completes way up near X so stops will not be too far allowing us to enter with low risk.
Trade closed: target reached
so the gartley ended up being stopped out and the gartley was a winner.
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