NZDUSD: Pending Bearish Cypher at Key Resistance
Cyphers keep appearing in the USD related markets, with this one completing at a key resistance level - the quartile of a descending median line set.
Setup: Sell
Entry: 0.69370
Stoploss: 0.69743
Profit targets: 0.68779, 0.68339
In case price reaches the first target we move sl at breakeven to the second position
Trade with care,
John
DISCLAIMER: You are solely responsible for your trading. The possibility exists that you could sustain a loss in excess of your initial investment.
Setup: Sell
Entry: 0.69370
Stoploss: 0.69743
Profit targets: 0.68779, 0.68339
In case price reaches the first target we move sl at breakeven to the second position
Trade with care,
John
DISCLAIMER: You are solely responsible for your trading. The possibility exists that you could sustain a loss in excess of your initial investment.
