2018Mar16 AUDCAD D1 Bearish Cypher

There is a bearish cypher for AUDCAD. Price entry at 1.01760 is guided by a red candlestick closing lower than the body of the green bearish pin bar before it. Take profit targets are set 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.

Trade Setup: Bearish Cypher
Price Entry 1.01760
SL 1.03627 | SL pips 186.7
TP1 0.99893 | TP1 pips 186.7
TP2 0.98326 | TP2 pips 343.4
RRR1 1.00 | RRR21.84
Status/Remarks: TP1 & TP2 hit! :)