Cypher Completed - Switching to Short Way
Continuation of previous long term view on NZDUSD
The end of the long position hunt:
- Price meets important S&R Zone as it reaches Cypher 78.6 D point
- 0.618 ret of previous bearish impulse
- Expecting this to be the end of the impulse wave
Possible 1st entry - 4H Timeframe -
- 2H chart bearish crab completion.
- 3 point RSI divergence
- Waiting to see how the next candles will close. Might have to wait until next week to open a position
The end of the long position hunt:
- Price meets important S&R Zone as it reaches Cypher 78.6 D point
- 0.618 ret of previous bearish impulse
- Expecting this to be the end of the impulse wave
Possible 1st entry - 4H Timeframe -
- 2H chart bearish crab completion.
- 3 point RSI divergence
- Waiting to see how the next candles will close. Might have to wait until next week to open a position
Comment:
Weekly Cypher
