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30min

NZD/USD Dead Cat Bounce 30min and Bullish Cypher on the 240minThere is a Dead Cat Bounce on the 30 min happening right now. Price retraced to the .50 fib, you can use which ever level you like, I like the .50 and .618 fibs. I am currently short (.71391) because of the big bearish pin bar and the shooting star candles. I have my stop just above the current swing high at .7160 and my target at .6985. There is also a Bullish Cypher Pattern on the 240 min. It completes at .6808, I will have my stop below the level at .6765 and targets at .6995 and .7110. Good luck trading out there.
Short
by ChrisThein
EUR/USD Bearish Bat 30 min or Dead Cat Bounce retestThere is potential Bearish Bat on the 30 min. There is also a 1.618 fib ext correlation in the same zone. I would look to get short around 1.1369 with my stop above the swing high at 1.1435 and a target at 1.1087. The target is a .618 fib retrace from the entry price. This is of course, if price breaks and closes above the .50 fib zone. Also, this .50 fib zone could be a potential retest in the Dead Cat Bounce area. Good luck trading out there.
Short
by ChrisThein
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