Cypher Pattern on EURZAR and carry trade opportunity Short

EURO / SOUTH AFRICAN RANDICE

Description

⋅ Apr 20, 2015 8:37 PM

If this bearish Cypher pattern is formed, we have a good short opportunity which would also provide a good positive swap.

Weekly trend is also bearish.

For more details on Cypher patterns, see Nico_Muselle's related idea below

Comments

hodoman

⋅ Apr 24, 2015 1:37 PM

hodoman

⋅ Apr 24, 2015 1:35 PM

13.30 level seems a good point to sell this pair. Updated chart: