ThomasJeff_DCM
Short

NZDUSD Short on a countertrend Cypher pattern

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
Here on the NZDUSD             we had a loss earlier this week on a Bat formation , so lets see today if we can get back at it.

We got a smaller Cypher pattern setting up counter trend, RSI is moving upwards oversold territory. Our PRZ entry level is at 0,70404 stops and targets is on the chart. Remember this is still at an early stage so if it retraces down below the 1,414 fib extention its an invalid setup.

Kind Regards
Thomas Jeff
Comment: Setup invalid orders removed
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