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olly_price
Feb 25, 2016 11:13 AM

USDZAR bearish cypher pattern enter now Short

U.S. DOLLAR / SOUTH AFRICAN RANDICE

Description

Bearish cypher to enter now.

Strong bearish divergence on the RSI.

Profit target is based on Fibonacci levels and is 15.44830 as an initial target and then 15.29297 as a second target.

Stop loss is based on previous structure, which isn't great for this trade.

Trade closed: stop reached

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