AUD.USD - BULLISH CYPHER SETUP - .7614
On the AUD.USD 1hr chart we have a potential long opportunity's at the D leg completion of bullish Cypher setup.
The price reversal zone on this pair is between .7614 & .7578
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around .7717
Stop loss would be placed below X leg structure support.
Target 1 - .7663
Target 2 - .7692
The price reversal zone on this pair is between .7614 & .7578
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around .7717
Stop loss would be placed below X leg structure support.
Target 1 - .7663
Target 2 - .7692