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At Market Cypher Short!Hey guys, Just found an at market Cypher pattern on AUDUSD 4H following our loss on this pair last week. I actually missed the conventional .786 entry however the pattern is still valid as X @ 0.7680's hasn't been broke. This is actually giving us a much better Risk Reward, especially for a Cypher pattern. Note - if X had been broken this would be an invalid trade and I wouldn't enter it - unless of course I was already in. Will be looking for a press lower in this - trading fibonacci targets. Keep an eye out! Fibsii Team.
Short
by FIBSII
NZD/USD |08 August 2016|- 4H Entry but a daily setup - NZD has been moving in a strong bullish trend since 25/07 - Price stalled at 0.724 level pulled back to previous structure support at 0.712 - As we know bullish markets make HH + HL's im predicting that this level is the HL thus giving it a high probability success rate - Clear indecision forming on a area of structure support - Highs of the indecision has been broken in which is our entry point - Stop loss is below the indecision candlestick
Long
by Technical12