EUR.NZD - BEARISH CYPHER & BAT SETUP - 1.5660 & 1.5742 Short

Euro Fx/New Zealand DollarFXCM

Description

⋅ Sep 25, 2016 10:35 AM

On the EUR.NZD Daily chart we 2 potential trade opportunity's at the D leg completion of a Bearish Cypher & Bat setup.

Bearish Cypher Setup ( Light Blue ) - D leg completion 1.5660
Target 1 - 1.5420
Target 2 - 1.5265

Bearish Bat Setup ( Light Grey ) - D leg completion 1.5742
Target 1 - 1.5469
Target 2 - 1.5298

Comments

rama.anandhita

⋅ Sep 25, 2016 12:20 PM

I think the EUR NZD also have the opportunity to form a bearish crab pattern. These things I see from the weekly chart with the opportunity to form a pattern of black swan.

UnknownUnicorn180388

⋅ Sep 25, 2016 12:26 PM

I don't personally trade them patterns, however the more confluence the better :-)
Have a good week.

rama.anandhita

⋅ Sep 25, 2016 12:30 PM

of course, I'm just giving my opinion. but to target the nearest price I strongly agree with you.

UnknownUnicorn180388

⋅ Sep 25, 2016 12:43 PM

We will have to see how market opens later this evening.
Hopefully giving us both strong trade setups :-)