2018Jun01 AUDCHF H4 Possible Bearish Cypher

There is a possible bearish cypher for AUDCHF. Upon D completion at 0.75429 (78.6 of XC) and confirmation of a bearish bias, I will go short. Take profit targets are set at the 38.2 and 61.8 Fibonacci retracement levels of leg CD. The stop loss has the same number of pips as TP1 by default. Tentative details are as follows:

Trade Setup: Possible Bearish Cypher
Price Entry 0.75429
SL 0.75995 | SL pips 56.6
TP1 0.74863 | TP1 pips 56.6
TP2 0.74514 | TP2 pips 91.5
RRR1 1.00 | RRR2 1.62

Ordine annullato:

This setup is invalidated with a candlestick closing above 0.75429 (78.6 of XC). (June 4)