AUDUSD Short: Cypher Inside of Channel

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