AUD/USD 61.8 Retracement Short & Bullish Cypher Pattern Setup

28 jul 2016

There is a Bullish cypher pattern setting up on the AUD/USD 4hr Time frame, Price came very close to the pattern completion but turned around before the 78.6 completion level, my expectation is for price to retrace to the 61.8 of the previous move which should provide a decent shorting opportunity to ride the market all the way down to the Cypher Pattern completion point.