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glennmercer

NZDUSD SHORT AT MA CROSS + CHANNEL

Short
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
glennmercer Updated   
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Harmonic Patterns Chart Patterns
11
0
harmonicpatterns chartpattern
Hey traders, nice confluence of resistance here toward long term bearsh targets. Weekly pivot precisely confluenct with Cypher completion. This makes for a nice bearish target.
Comment:
snapshot

Powerful move down, first target achieved. Moved stop to breakeven.
Trade closed: target reached:
snapshot

+63 Pips
+44 Pips on the week

Cheers
Comment:
Also, keep in mind that bullish cypher is now complete. If you are short, be prepared to take profit, endure bullish drawdown or remove some of your position in the event of strong bullish 5m-15m candle close. Cheers
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