NZDUSD SHORT AT MA CROSS + CHANNEL
Hey traders, nice confluence of resistance here toward long term bearsh targets. Weekly pivot precisely confluenct with Cypher completion. This makes for a nice bearish target.
Note
Powerful move down, first target achieved. Moved stop to breakeven.
Trade closed: target reached
+63 Pips
+44 Pips on the week
Cheers
Note
Also, keep in mind that bullish cypher is now complete. If you are short, be prepared to take profit, endure bullish drawdown or remove some of your position in the event of strong bullish 5m-15m candle close. Cheers
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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.