EUR.AUD - Long Opportunity At Market

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On the EUR.AUD 4hr chart we have a potential long opportunity at the D leg completion of bullish Cypher setup.

The price reversal zone on this pair is between 1.3999 & 1.3940
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.

Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets back into 1.4180
Stop loss would be placed below X leg structure support.

Target 1 - 1.4082
Target 2 - 1.4133
注释
Bullish RSI divergence has now formed.

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1hr Chart Outlook.

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注释
Although we have a bullish pattern, I now have a pending order to short this pair.
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Target 1 and 2 would be attained if you entered at the D leg.
I personally didn't take this position as I still have a pending order short.
注释
EUR.AUD - Short Opportunity @ 1.4268
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