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KevinSinghDhaliwal
2 jun 2015 04:30

AUDUSD Bullish Cypher (Notes on chart) Lång

Australian Dollar/U.S. DollarFXCM

Beskrivning

AUDUSD
Bullish Cypher (now)
Bearish Butterfly (pink) old
Oversold
At the bottom (demand)
Kommentarer
moneymaking
Hey Kevin, just another side note, we are also getting bullish divergence on 4 hr. So this could work in your favor. All the Best :)
KevinSinghDhaliwal
Hi moneymaking, I agree about the leg but the price is at the level where in my opinion buy order might be filling in and stoch is also oversold. Worst case scenario one out of three targets will be hit.
Lets see :)
moneymaking
Market definitely got volume after the AUD cash rate. Looks good right now :)
KevinSinghDhaliwal
Are you on the trade aswell?
KevinSinghDhaliwal
And yes looking good!
moneymaking
Not right now, looking for a retracement at or beyond previous structure level before pulling the trigger :)
KevinSinghDhaliwal
Sounds good, Good Luck
moneymaking
Need better risk to reward before entering :)
moneymaking
Hey Kevin, actually the market never really hit the 127.2% fib extension level, in order for the C leg to be complete. Unfortunately I can't trade this pair based off of the pattern but I am definitely interested based on the previous structure level that you have pointed out above. Thank you for sharing and Good Luck :)

Mer