Australian Dollar / U.S. Dollar
Short
Updated

AUD/USD - Bearish Cypher

1569
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 active
We are now ready to sell, base your entry on the price structure shown below.

snapshot

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