EURAUD: Bearish Gartley Turning Into Bullish Cypher

21 apr 2015

Coming off a pain free trade on this pair last night our once bearish Gartley pattern's next step could be to complete the C to D leg of a bullish Cypher. Again, EURAUD typically has a pretty large ATR so you want to double check you're risk profile on this one, but aside from that "The Pattern Is The Pattern Is The Pattern."

Laid out on the chart are initial ideas for minimum Stop placements and targets, but as I always recommend, please follow your specific rules for stops and of course targets may have to be adjust based on price action.

For an inside look at my trading on a day to day basis feel free to check out my blog and today's post "Trading Recap/On My Radar" tradeempowered.com/trading-recapon-my-radar-4-21-15/

Aki Stokes
Chief Currency Analyst
TradeEmpowered.com

Akil Stokes