NZDUSD: An Interesting Dilemma (Potential Bearish Cypher)

Pain free targets on our Kiwi trade from last night however we're now faced with an interesting dilemma as we inch closer to our bearish Cypher Formation completion point at 6793.

In last night's video we looked at a handful of potential opportunities, but took a closer look at NZDUSD. Not only did we have the bullish Gartley Formation, but when doing our top-down analysis we also saw that this could be used as a bigger trend continuation opportunity in predicting a move to the 6850's level.

Now that we have a second advanced pattern formation forming the question is (for those shooting for the TCT move) is do you stick with the original trade? Or do you take the new pattern?

Now before you ask me "What should I do Akil?" Please know that my answer is going to be "What does your plan say?" But I think it'll be interesting to see how the different members of our live room are handling it and should make for some good discussion and insight for those who are looking to create rules for a situation like this.

Akil Stokes
Chief Currency Analyst & Head Trading Coach
www.TradeEmpowered.com -The Premier Online Trading Education Company
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Trade geschlossen: Ziel wurde erreicht