AUD/USD Bullish Cypher set up
Updated
DO NOT TRADE BASED ON MY IDEAS. I am not a pro. Don't do it. You will lose.
Potential bullish Cypher setting up on this pair, the ratios are spot on. X might be seeing what I want to see though.
Potential bullish Cypher setting up on this pair, the ratios are spot on. X might be seeing what I want to see though.
Note
Nearly there. Although I have revised my own analysis to a Bullish SHARK pattern. This is because point C here does not quite reach 1.272 of XA.
Shark C leg should go between 1.13 - 1.618 of XA - it does here.
Shark D ratio should be at least 1.618 of B - this lands at approx 0.7595 which also intersects with a trend at the 4HR chart.
If the pattern fails there, another entry is at around 0.755 where it intersects with another trendline at 4HR.
Thus my potential long entries will be:
- 0.7595
- 0.7550
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