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onewhitmore
Dec 12, 2016 11:26 AM

AUD/NZD Bullish Cypher setting up Long

Australian Dollar/New Zealand DollarFXCM

Description

There's a cypher developing on this chart (red) with a larger gartley opportunity proceeding.

There are a number of bearish inside bars (red arrows on chart) at the top of the cypher formation so I'd expect that to complete shortly.

RSI is bearish.

Comment

20 ma and 50ma are crossing to bearish. Both should push the stock under the 200ma just below.

Comment

Approaching entry point. Still bearish on RSI
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