Cypher Completed - Switching to Short Way
Updated
Continuation of previous long term view on NZDUSD
The end of the long position hunt:
- Price meets important S&R Zone as it reaches Cypher 78.6 D point
- 0.618 ret of previous bearish impulse
- Expecting this to be the end of the impulse wave
Possible 1st entry - 4H Timeframe -
- 2H chart bearish crab completion.
- 3 point RSI divergence
- Waiting to see how the next candles will close. Might have to wait until next week to open a position
The end of the long position hunt:
- Price meets important S&R Zone as it reaches Cypher 78.6 D point
- 0.618 ret of previous bearish impulse
- Expecting this to be the end of the impulse wave
Possible 1st entry - 4H Timeframe -
- 2H chart bearish crab completion.
- 3 point RSI divergence
- Waiting to see how the next candles will close. Might have to wait until next week to open a position
Note
Weekly Cypher
Related publications
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.