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Carlos_LL
May 31, 2016 11:07 PM

BEARISH CYPHER FINISHING ON 1H NZDUSD Short

New Zealand Dollar/U.S. DollarFXCM

Description

Bearish Cypher pattern finishing on 1H NZDUSD. Entry near the .6800 handle, so look out for stop hunters. Entry on .886 recommended for better TP ratios. First target for profit @ .382 of CD. RSI on overbought favoring short entry with slight divergence. Overall trend down, secondary target @ .618 retracement of CD leg. SL placed with some slack above X due to closeness on .6800 handle.

Comment

Trade is active.

Comment

SL hit.
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