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MattSzwyd
Sep 7, 2016 4:32 PM

NZDUSD Bullish Cypher Long

New Zealand Dollar/U.S. DollarFXCM

Description

Riding a short since .74714, and I think it's about time to swing-trade this pattern. I have two targets in mind; one is more conventional for the pattern, but I think there's a chance the .74785 will be retested as part of the ongoing uptrend.

Trade closed: target reached

Entered at .74456 after it was clear that momentum pulled back before hitting point D and secured a nice little profit.
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