2018Mar07 GBPAUD M15 Bearish Cypher

There is a bearish cypher for GBPAUD. This is in confluence with the bearish bias of two pin bars. Price entry is guided by the close of the 2nd pin bar. Take profit targets are set at the 38.2 and 61.8 Fibonacci retracement levels of leg CD. The stop loss has the same number of pips as TP1.

Trade Setup: Bearish Cypher
Price Entry 1.78572
SL 1.78912 | SL pips 34.0
TP1 1.78232 | TP1 pips 34.0
TP2 1.77887 | TP2 pips 68.5
RRR1 1.00 | RRR2 2.01
Status/Remarks: TP1 & TP2 hit! :)