Fxprotrader

NZDUSD: Pending Bearish Cypher at Key Resistance

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.