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FIBSII
Jan 20, 2017 11:29 AM

NZDUSD Long Cypher Long

New Zealand Dollar/U.S. DollarFXCM

Description

Hey all,

Haven't seen much activity in the markets this week. Checked NZDUSD this morning though and found an at market Cypher pattern. This pattern has already pressed lower than the .786 retracement entry but is still valid which means we can get involved with a better risk reward.

Only a small risk on this trade so should be open to most traders. This is also a pattern following the underlying trend so would be hoping for further bullish movement.

Keep an eye out,

Fibsii Team
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