AUDCHF: Bearish Cypher

22 Eki 2014

Brought to my attention by one of my Syndicate Members, what we're looking at is a bearish Cypher pattern. If you take a look at the recent movement of the market we've just put in a new structure low (LLLC) and the Cypher completion comes at a retracement back into previous structure along with a 38.2 Fibonacci retracement from our bigger swing.

Unfortunately for me this isn't a pair that's in my trading portfolio so I won't be able to participate, but certainly thought it was worth the share for those that do trade this pair.

Akil
Trade Empowered

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