NZD/USD Possible Bullish Cypher
Over the last week or so we have hit the a,b and c legs of a possible Bullish cypher.
Looking at the RSI there is some bearish divergence. If this continues it should take us down to complete at point D and be in the oversold area of the RSI.
There is a possible opportunity to get short down to the 0.67242 area. Would also be looking for an entry around this area, stop would be at the area of support of 0.66727.
Any feedback / CC welcome this is my first time posting any of my Technical analysis.
Looking at the RSI there is some bearish divergence. If this continues it should take us down to complete at point D and be in the oversold area of the RSI.
There is a possible opportunity to get short down to the 0.67242 area. Would also be looking for an entry around this area, stop would be at the area of support of 0.66727.
Any feedback / CC welcome this is my first time posting any of my Technical analysis.