AUDUSD is nearing the completion of a bearish cypher pattern on the 1HR chart. The PRZ may find resistance from the center of a rising channel. Entry is placed at the top of the PRZ with SL at 1.13XA and target at .5CD.
Confluence in the PRZ:
Bearish cypher
1.272BC Projection
2.5AB=CD
Channel center resistance
S/R Zone
交易开始
交易结束:到达止损
Channel center line broken before target, SL reached: -9 pips