CYPHER INSIDE OF A BEARISH FLAG?? NZD/USD

30 thg 8, 2016

JUST AN CRAZY IDEA OF MINE.

30 thg 8, 2016

Ghi chú

Hey guys so I have decided to enter the market bit above the completion of the cypher pattern at 0.72242 (to get filled), and I went long.

I do not normally pay attention to flags and wedges, and I do not trade them, actually this is my first time ever that I found a potential flag that could be completed, but what I liked was the cypher, that gives me a good opportunity to go for a small profit with a even small risk.



Just my opinion guys not an financial advice or whatsoever. Trade at your own risk

31 thg 8, 2016

Ghi chú

OK GENTS WE HAVE HIT OUR TP AND GET OUT OF THE MARKET AT 0.72608.



If you have a look on a 2H or 4H timeframe you can actually see a beautiful 2618 pattern (Double bottom + 61,8 retracement, where I could go long but as I was already in the market with a long position I did not do anything just watch my TP on this trade to be hit.



HAPPY TRADING GUYS!!!