AUDUSD - 2 Potential Advanced Patterns 4 Hour Chart
Thought I'd share what I'll be looking for in the next few days. On the AUDUSD theres 2 potential advanced patterns both bearish. One a Cypher and the other a Gartley. What I like about this opportunity is that both patterns should complete around the same level (depending on what ratios you use). The previous Cypher that completed was a success and all 3 of these patterns all formed at the same X level at .74367. Check your ratios to make sure this works with your trading style and hopefully this will complete and we can take some profits. As always looking for the 1st target at .382 and the second .618. Stops should go above the X level according to how your plan. Thanks
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