CYPHER FINISHING ON NZDUSD 4H

15 thg 7, 2016

A bullish Cypher pattern coming to a finish on NZDUSD 4H. Took the CD leg with target @ 786 retracement. Previous structure suggests a better entry near the 886, however rules are rules and are used for specific reasons. T1 @ 382 of CD leg, secondary target @ 618 nearing previous structure resistance (inside). Overall uptrend on this pair plays for a favorable pattern, perhaps a TCT larger trade. SL below X and slightly below previous structure low. Two Gartleys have worked out nicely on this pair. A missed pivot on .70550 makes for a good case of this pattern coming to a finish.

Good trading.