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TheTradersAvenue
Dec 9, 2022 8:19 AM

NZDCAD > Rare Cypher Pattern at Entry!! Short

NZD/CADOANDA

Description

Analysis of #NZDCAD

Hi traders, today we will have a look at #NZDCAD


The NZDCAD has a beautiful rare big Cypher pattern near a structure resistance zone.

as you can see the Cypher pattern is way above its entry points, this is part of why I don't usually take harmonic patterns by just setting limit entry trade, most of the time the pattern will continue up to test the structure zone and provide me with better entry,

now I am waiting for reversal patterns, like a double top, or head and shoulder, or even a small harmonic pattern on the lower time frame



I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one

Thanks for your continued support!
Comments
Solldy
Quite an unusual proposition for the current state of affairs. In general, it is possible if all arguments work out, so I will support this idea!
UnknownUnicorn15614419
The information is detailed and quite concise. Thank you for the idea! It would be interesting to know the complete list of tools you use in your analysis.
TheNewsCrypto
Awesome work, i agree on the downsides!
JoeChampion
Do you consider fundamentals too?
Tolberti
Very good graphics, amazing job done!
YMGroup
thanks for sharing your great NZDCAD idea, I agree with you
Michael_Winner
Thank you for this NZDCAD idea! Have a big potential
Gold-Tech
I agree with the priority. We will keep an eye on the market
RLinda
Totally agree with you, highlighted the key aspects intelligently)
tashfeen13
@RLinda, Isnt it already way too high?
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