Bearish Cypher on NZDCHF Short

NEW ZEALAND DOLLAR / SWISS FRANCICE

Description

⋅ Jan 12, 2017 3:04 PM

I will take short trade when price reach @0.7235 and my first target point will be @0.7140 and stoploss will be closing above @0.7280

Trade active

⋅ Jan 18, 2017 12:03 PM

order activated and formed new top @0.7233
lets keep watching

Trade closed manually

⋅ Jan 20, 2017 3:34 PM

I will close the order now during formation of bullish cypher on 30M chart

Comments

jlg83

⋅ Jan 18, 2017 12:14 PM

according to me you should wait till 0.7240 for a real signal, but it's ok if you don't mind few pips.
i can't blame you, i did the same yesterday with CADJPY H4 ;)))
good trades !

vip_Trader

⋅ Jan 18, 2017 12:45 PM

@jlg83, yes you are correct CD leg should be 78.6% of XC leg but I usually I set D point as range price not exact price