A decent Cypher pattern on AUD/USD Daily. Since it has been active from 5 days it can still be traded because it has not yet made Target 1, which is 38.2 fibo retracement.
Cypher Tools:
*Fibonacci retracements (38.2% , 61.8% and 78.6%)
*Fibonacci extension (127.2% and 141.4%)
Cypher Timeframes:
*The Cypher Advanced formation was originally designed as a swing trading strategy. But it also works on lower timeframes.
Cypher Tactics:
*Seek to identify 4 market moves and 3 major Fibonacci zones. The…
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