Short Cypher Pattern Set-Up on EURNZD for FX:EURNZD by JoMarshall

forex forexsignals forexsignals forextradingzones forextrading short shortsetup short cypherpattern sell sellsignal sellsetup selling sellentry sellers selltrade sell-trade sell-signal

This is not a currency pair that I trade in my portfolio but I came across this nice trade-set up as I was doing my weekend analysis. The market has come into a previous structure support now turned resistance but the RSI is not showing overbought conditions yet so there is chance that this market could go all the way up and in the process completing the cypher pattern. The Fact that the overall trend on this pair is bearish then this represents a very nice shorting opportunity IF we can get there.

Check out my weekly video where I have done an in-depth analysis of EURUSD and also pointed out a couple of advanced pattern on the USDJPY.

You can also check out one of the live trades i took using a combination of fibonacci ratio and structure.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.