AUD.USD - BEARISH CYPHER SETUP - .7645
On the AUD.USD Daily chart we have a potential short opportunity at the D leg completion of bearish Cypher setup.
The price reversal zone on this pair is between .7645 & .7777
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around .7231
Stop loss would be placed above X leg structure resistance.
Target 1 - .7458
Target 2 - .7342
The price reversal zone on this pair is between .7645 & .7777
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around .7231
Stop loss would be placed above X leg structure resistance.
Target 1 - .7458
Target 2 - .7342
Komentarz:
4hr bearish RSI divergence has now formed.
Komentarz:
D leg now complete, potential short opportunity
Komentarz:
Market is now starting to push to the downside towards .7458
Komentarz:
Technical analysis chart.
