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New Zealand Dollar / U.S. Dollar
Short

BEARISH CYPHER FINISHING ON 1H NZDUSD

By Carlos_LL
Updated
Bearish Cypher pattern finishing on 1H NZDUSD. Entry near the .6800 handle, so look out for stop hunters. Entry on .886 recommended for better TP ratios. First target for profit @ .382 of CD. RSI on overbought favoring short entry with slight divergence. Overall trend down, secondary target @ .618 retracement of CD leg. SL placed with some slack above X due to closeness on .6800 handle.
Note
Trade is active.
Note
SL hit.
akil_stokesCypherFibonacci RetracementHarmonic Patternsjason_stapletonNZDUSDnzdusdshortratiotradingstructuretradetrendcontinuation
Carlos_LL

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