Art_of_Trading

EURAUD: POTENTIAL CYPHER / Nice R/R

Short
FX:EURAUD   Euro / Australian Dollar
On EURAUD , the price moves sideways. There is a potential cypher pattern, which gives an opportunity to go short. Moreover, the price going close to resistance at 1.5397, which gives an additional support to this pattern validity.
T1 - 38.2%
T2 - 61.8%
-----------------------------------------------------------------------------------------------------------------------------------------------------
Trading Books Online - www.trading-library.com
Top 10 Forex Brokers List - www.best10forex.com
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.