NZDUSD potential short on a advanced cypher formation

23 mai 2016

The market is slowly comming to live today, we are looking for some pullbacks on most pairs, to look for some trend continuation trades. But here on the NZDUSD we got a bearish Cypher formation we are looking to go short on. The RSI have already been over bought and the market have reversed sharp. So there is the possability that the move have already been made without us, so IF the market retraces down below the 0,618 fib the setup is invalid. But if the market continue up after this outside return leg and hit our PRZ level 0,68142 then we go short looking for targets down at 0,67744

Kind Regards
Thomas Jeff

23 mai 2016

Ordre annulé

Move happened without us