Bearish Cypher pattern formation on AUDNZD
Hey guys,
Look out for a bearish cypher pattern formation coming up on the
AUDNZD
. I am looking for a rallye to 1.0850. If price action reaches that level I will be shorting with a stop loss 20 pips above the X point and targets at the 382 retracement (T1) and 618 retracement (T2) of my CD leg. My D point happens to coincide with the resistance level of 1D wedge upper resistance level.
Look out for a bearish cypher pattern formation coming up on the
AUDNZD
. I am looking for a rallye to 1.0850. If price action reaches that level I will be shorting with a stop loss 20 pips above the X point and targets at the 382 retracement (T1) and 618 retracement (T2) of my CD leg. My D point happens to coincide with the resistance level of 1D wedge upper resistance level.