AUD/USD Bearish Cypher

19 ม.ค. 2017

On the daily the pattern can be found to create a great entry reason to go short; because the entry is close to dynamic resistance level @ 0.77222 which gives us a great entry zone between 0.76431-0.77222. As for stops via Fib ext. 1.272 it makes a great stop placement above the dynamic resistance level @0.77740 . Consider the following, we can take three consecutive targets; Target 1: @0.74583 it consists of 185 pips and is past Dynamic support @0.75403, which will make the first target the hardest to reach. Target 2; price @0.73440 which consists of 299.2 pips, i.m.o. target 2 will be easy attainable because of the lack of dynamic areas to stop it. Target 3 @ 0.71837 consists of 460.1 pips; is the final stretch to a major support/resistance level.

9 ก.พ. 2017

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