AUDUSD Trade Setup & Forecast for the week 10th Feb, 2014

AUDUSD Trade Setup & Forecast for the week 10th Feb, 2014

Weekly Chart

Daily Chart

Hourly Chart

The completion of the Cypher pattern which I identified around 2 wks ago, is near to completion. Stochastic on Daily is in overbought territory and as you can see a very high reading

**CORRECTION** - My fibs not drawn correctly therefore cypher is actually completed on Friday,.

Outlook Trade opportunity

Cypher Pattern

Risk Level - Low

Tips -

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