Potential LONG/bounce play/retracement before going down
Hi guys we got target prices for a potential LONG opportunity. Trade with care.
Stops would be below their X points. TP would be the 38.20% and 61.80% of the highest point down to the pattern completion.
Mid-Long term I would be selling the AUD.
Bull Cypher A: 0.7590
Bull Cypher B: 0.7561
Bull Gartley Pattern: 0.7511, and the Cypher B must retrace atleast the 38.20% hence the TP 1.
Bull Bat Pattern: 0.7482, and the Cypher A or B must retrace atleast the 38.20 hence the TP 1.
Fail Cypher Patterns will invalidate the Bull Patterns of Gartley and Bat.
Stops would be below their X points. TP would be the 38.20% and 61.80% of the highest point down to the pattern completion.
Mid-Long term I would be selling the AUD.
Bull Cypher A: 0.7590
Bull Cypher B: 0.7561
Bull Gartley Pattern: 0.7511, and the Cypher B must retrace atleast the 38.20% hence the TP 1.
Bull Bat Pattern: 0.7482, and the Cypher A or B must retrace atleast the 38.20 hence the TP 1.
Fail Cypher Patterns will invalidate the Bull Patterns of Gartley and Bat.
Commento:
Our bull Cypher A and B setup is already completed. It did bounce on the Cypher B.
