AUDUSD 60M: Cypher Pattern Setup at Minor Resistance Level
Learn to trade Harmonic Patterns at plantotrade.com
Trade Management
Pattern: Cypher
Symbol: AUDUSD
Date: Tuesday, 17th of November 2015
Timeframe: 60M
Entry-Point: 0.7140 (Limit Order)
Stoploss: 0.7162
Take-Profit 1: 0.7114
Take-Profit 2: 0.7098
Description: The AUDUSD Trading Idea is a high probability trading setup, because of the minor resistance level that forms right at the 0.7140 entry level of the cypher pattern. Target 1 will be at the .382 and Target 2 at the 0.618 fibonacci retracement of the CD leg.
Important: If price violates the 0.7072 level, the trade will be invalid.
Learn to trade Harmonic Patterns at plantotrade.com
Trade Management
Pattern: Cypher
Symbol: AUDUSD
Date: Tuesday, 17th of November 2015
Timeframe: 60M
Entry-Point: 0.7140 (Limit Order)
Stoploss: 0.7162
Take-Profit 1: 0.7114
Take-Profit 2: 0.7098
Description: The AUDUSD Trading Idea is a high probability trading setup, because of the minor resistance level that forms right at the 0.7140 entry level of the cypher pattern. Target 1 will be at the .382 and Target 2 at the 0.618 fibonacci retracement of the CD leg.
Important: If price violates the 0.7072 level, the trade will be invalid.
Learn to trade Harmonic Patterns at plantotrade.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.