Here we have a valid Bearish Cypher on the EURAUD Four Hour with an excellent 1:2 Risk to Reward. I decided to re analyse following my earlier EURAUD Bearish Shark (Linked below). The shark was taken from an 18 month high, this cypher is from the one year high. With the Euro's bull seemingly running out of steam this one looks more likely. I will be watching that PRZ very closely.
Please do let me know of any thoughts or feedback.