AUDNZD - LONG - Potential Cypher Pattern

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.

Kommentera:

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.