audnzd cypher completed

FX:AUDNZD   澳元/纽元
Hello, mates. It is an example of trades we found today in my live trading room. As usual enter at 78,6 stops at X, targets are 38,2 and 61,8. Hope, you will like it))
评论: Make sure your B-point candle close doesn't touch 0,618XA. It is 0,616XA with my broker))
交易结束:到达目标: Both targets reached)
This pattern was found by the MPS-v5.5 pattern recognition software:

Learn the patterns for free. Click the education tab:

Free Telegram channel:
Hey Thank you!
Could you do some explanation for this pattern?
To explain the way I am trading it will take me hours! Breifly, It is and XABCD pattern. XA and BC are usually impulses separated by AB correction. This correction should be minimum 0.382XA and it should not have a candle close at or beyond 0.618XA. DC impulse should be at least 1.272XA and it should never have a candle close at or beyond 1.414XA. If these critiria is met then we look at D-point completion which is 0.786XC. D-point should exceed B point at least by one pip. If it fails then the pattern will be invalidated.
To trade this pattern you need to place a limit order at D-point. Stop loss is X-point, targets are 0.382CD and 0.618CD. Usually we close half of position at 0.382CD and breakeven the remaining half. But I personally close all at 0.382CD.
As you see all the calculations are very connected to XA leg. If you can identify it then the rest is simple. To know how to identify XA leg you need to know how to read the market structure. If you want to know more about my trading aproach then contact me in Private Messages))
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的客服工单 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出