Cypher pattern on AUDUSD

2 Eyl 2016

Yesterday, I was thinking bearish and had a valid opportunity to go short, a Gartley pattern. I posted the idea, but had to cancelled my orders due to non-farm payrolls, and after the fireworks, the Gartley was already invalid. However, we now broke structure to the upside, making a cycle bottom. We must remember that we are still bullish on the big picture, and that we are sitting on the .786 retracement of the last daily swing. We could have gone lower and still be bullish but we made a higher high higher close. The market gave us an opportunity to go long. We are now waiting for the Cypher to get triggered.

Follow the plan!

5 Eyl 2016

Emir iptal

Pattern invalid