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Carlos_LL
Jul 5, 2016 9:26 PM

CYPHER FINISHING ON 1H NZDJPY Long

NEW ZEALAND DOLLAR / JAPANESE YENICE

Description

A Cypher potentially coming to a finish on NZDJPY 1H currently on a pullback of the CD leg. Fib extensions and previous structure suggest perhaps a trip to the .886 retracement but entry is @ .786. T1 @ .382 of CD leg moving up stops once it is reached. Risk Reward is not fabulous but it´s in an upward overall trend.
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