AUDNZD: Bearish Cypher Pattern in Key Resistance Zone
In a previous post we indetified a bearish gartley pattern forming in along term resistance zone. Unfortunally we were stopped out but we have another opportunity as in the same area price has formed a bearish cypher pattern.
- Trade this setup in two units
- If price reaches 1:1 R/R ratio place your stop loss at breakeven
- Wach the long term resistance level at the weekly chart here:
- Trade this setup in two units
- If price reaches 1:1 R/R ratio place your stop loss at breakeven
- Wach the long term resistance level at the weekly chart here: