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Carlos_LL
Jun 7, 2016 2:34 PM

ADVANCED NZDUSD CYPHER FINISH ON 4H Short

New Zealand Dollar/U.S. DollarFXCM

Description

A Cypher finishing on NZDUSD 4H. Previous structure high 30 pips above .786 entry spot could prove for a better entry and reversal. T1 on .382 (B Retracement is previous resistance, could prove a good support test before continuing to T2) and T2 on .681 CD leg. RSI divergence on overbought with price action losing strength to the upside.

Trade closed: stop reached

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