NZDUSD Quick Update: Completed Patterns Suggest Retracement
NZDUSD completed a cypher pattern today as well as having already completed a crab pattern earlier. It is now sitting at the 3.618 crab extension in it's PRZ and also in the PRZ of the cypher pattern.
In addition, it is sitting at the MAJOR SR structure zone. Target on any LONG trade on this should be the TP1 of the cypher at the .382 retrace level. Although it could go higher and retest the broken TL.
*DISCLAIMER:
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!
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In addition, it is sitting at the MAJOR SR structure zone. Target on any LONG trade on this should be the TP1 of the cypher at the .382 retrace level. Although it could go higher and retest the broken TL.
*DISCLAIMER:
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!
THINK before you comment! It takes MUCH work and time to create these posts! So before you decide to criticize me for what I post, or how I choose to post, remember that I don't just throw a chart up with a few lines on it with a few arrows showing 2 possible directions and that's it. I can do those in 5 mins. My charts take MUCH effort and I put much detail into creating them for your benefit. I hope it helps but I also hope it's appreciated!
If you like my posts and find them helpful, please take a second to hit that LIKE button and follow me so I can know my post was helpful to you. As always, any CONSTRUCTIVE comments are welcome whether AGREE or DISAGREE.
If you desire to receive ALL my analysis on pairs I trade and cover as well as REAL-TIME trade signals, consider joining my private group and my members. You'll get REAL-TIME trade signals and analysis as the trade happens and discussions those trades live. Interested? Go to efxselect.com to subscribe and get these signals in REAL-TIME!
NEW! Just introduced Intraday updates for subscribers only!
Faceb00k: goo.gl/Mb81w7
Website: www.efxselect.com to subscribe
Join my Skype chat room! It's FREE (requires registration): Skype link: goo.gl/2fwvsa
Documented Trade Log here: bit.ly/29AeqnC
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Mailing list: bit.ly/2iNieEY
Facebook Group: www.facebook.com/efxselect
Twitter: @andrewefxselect
Website: www.efxselect.com