AUDNZD - LONG - Potential Cypher Pattern
Potential Cypher Pattern.
AUDNZD
60 min chart
Long
D leg completion at 1.0466
Potential targets at .382 & .618 Fibonacci retracement of C to D.
I'm looking to share my observations here and start documenting my progress as I continue on this journey.
AUDNZD
60 min chart
Long
D leg completion at 1.0466
Potential targets at .382 & .618 Fibonacci retracement of C to D.
I'm looking to share my observations here and start documenting my progress as I continue on this journey.
Note
Price reached below X, invalidating this trade.Never take a trade when it reaches D leg alone.
If I had taken this trade at D leg, without looking for more buy signals, I would have lost money.
Price went straight through D, ending up below X.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.