TradingInvestor

AUDUSD Cypher Pattern and ABCD

FX:AUDUSD   Dolar Australia/Dolar U.S
AUDUSD             is right now in a very strong consolidation which is beneficial for harmonic patterns .

Fundamentals are mixed, but thanks to risk-on attitude on the market right now AUD is gaining and it is possible that it won't last long.

On the chart you can see a Cypher Pattern within an ABCD Pattern , making it a good trading opportunity.

Watch the area between 78,6%-100% Fibo XC (or BC             of ABCD Pattern ) for potential entry.

Remember to support you trading with fundamental analysis :)
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