On
NZDUSD
, there was a massive drop last few hours. However, sellers losing their control and last few bars show that buyers came in. Last 2 green bars indicate that bulls are there and ready for battle. However, the next structure low (Red Box), which acts as support is the main key zone. It is expected that buyers placed their orders close those levels. Thus, there is an opportunity to go long, but where is the best moment to step in?
There is a valid Cypher Pattern. The market is finishing its D leg soon and 78% Fibonnaci retracement can be moment to buy. Stop loss should be placed below red box.
T1 - 38.2%
T2 - 61.8%
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NZDUSD
, there was a massive drop last few hours. However, sellers losing their control and last few bars show that buyers came in. Last 2 green bars indicate that bulls are there and ready for battle. However, the next structure low (Red Box), which acts as support is the main key zone. It is expected that buyers placed their orders close those levels. Thus, there is an opportunity to go long, but where is the best moment to step in? There is a valid Cypher Pattern. The market is finishing its D leg soon and 78% Fibonnaci retracement can be moment to buy. Stop loss should be placed below red box.
T1 - 38.2%
T2 - 61.8%
-----------------------------------------------------------------------------------------------------------------------------------------------------
Trading Books Online - www.trading-library.com
Top 10 Forex Broker: www.best10forex.com
Comment:
The price hit Buy limit order