2018Jun12 AUDCAD D1 Possible Bullish Cypher

There is a possible bearish cypher for AUDCAD. Upon D completion at 0.96355 (78.6 of XC) and confirmation of the bullish bias, I will go long. Take profit targets are set at the 38.2 and 61.8 Fibonacci retracement levels of leg CD. The stop loss has the same number of pips as TP1 by default. Tentative details are as follows:

Trade Setup: Possible Bullish Cypher
Price Entry 0.96355
SL 0.95214 | SL pips 114.1
TP1 0.97496 | TP1 pips 114.1
TP2 0.98202 | TP2 pips 184.7
RRR1 1.00 | RRR2 1.62

Orden cancelada:

This setup is invalidated as D completion did not occur. (July 3)