I've had my eye on NZDUSD for a while now looking for a bullish opportunity only to see the market blow past structure level after structure level. Now it finally looks like I'll have a trading opportunity as price action looks to retest and hold it's current level of support.
If everything goes the right way a retest would give me a completed Cypher pattern with an excellent place to hide stops. As mentioned before, daily support is present, along with a key psychological level in 84 flat. Lately I've been taking profits at a single position but in this particular opportunity I may look to split the position in half once again depending on what price action looks like.
If everything goes the right way a retest would give me a completed Cypher pattern with an excellent place to hide stops. As mentioned before, daily support is present, along with a key psychological level in 84 flat. Lately I've been taking profits at a single position but in this particular opportunity I may look to split the position in half once again depending on what price action looks like.
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