NZDUSD - Cypher Pattern
Confluence of a few indicators. Overbought on the RSI in the smaller TFs, overextended Cypher pattern and rejection by the 200EMA. TP levels are at the 50% and 61.8% retracement levels of the previous swing (highlighted in purple lines). Stop loss above previous swing high, which is also above 200EMA.
Trade closed: stop reached
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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.