Short opportunity at Cypher completion with fib confluence
If the Cypher ends up completing at 0.888, it will give us a nice opportunity for a short entry. It doesn't offer the best risk / reward ratio, if you account for the spread on NZD/CAD. But the confluence with the 0.5 and 0.382 retracements tells us, that it should be a good trade.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.