NZDUSD: Cypher - Short
On 
NZDUSD, the market has no clear direction on 1h Bars. It moves sideways. there is a resistance level at 0.6778. The price hit it few items today, but it rejected and formed shooting stars. There is 2 options. 1) price may bounce again on that level and sellers will get control and price will go down. 2) the price breaks the resistance level. If it does then we have a structure high around 0.6830 and cypher pattern. Cypher has a highest winning rate among harmonic patterns and it may be a good opportunity to short.
T1 - 38.2%
T2 - 61.8%
-----------------------------------------------------------------------------------------------------------------------------------------------------
Trading Books Online - trading-library.com
Top 10 Forex Broker: best10forex.com
NZDUSD, the market has no clear direction on 1h Bars. It moves sideways. there is a resistance level at 0.6778. The price hit it few items today, but it rejected and formed shooting stars. There is 2 options. 1) price may bounce again on that level and sellers will get control and price will go down. 2) the price breaks the resistance level. If it does then we have a structure high around 0.6830 and cypher pattern. Cypher has a highest winning rate among harmonic patterns and it may be a good opportunity to short.T1 - 38.2%
T2 - 61.8%
-----------------------------------------------------------------------------------------------------------------------------------------------------
Trading Books Online - trading-library.com
Top 10 Forex Broker: best10forex.com
Nota
No much movement today, strong battle between bulls and bears.Nota
Half Profit Locked, wait T2 to be hit
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.