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AUDNZD - LONG - Potential Cypher Pattern
Australian Dollar / New Zealand Dollar
Long
AUDNZD - LONG - Potential Cypher Pattern
By JChristopher
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Updated
Nov 9, 2016
1
Cheer
Cheer
Nov 8, 2016
Potential Cypher Pattern.
AUDNZD
60 min chart
Long
D leg completion at 1.0466
Potential targets at .382 & .618 Fibonacci retracement of C to D.
I'm looking to share my observations here and start documenting my progress as I continue on this journey.
Nov 9, 2016
Comment
Price reached below X, invalidating this trade.
Never take a trade when it reaches D leg alone.
If I had taken this trade at D leg, without looking for more buy signals, I would have lost money.
Price went straight through D, ending up below X.
60min
AUDNZD
Cypher
LONG
JChristopher
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