FX:AUDNZD   Australian Dollar/New Zealand Dollar
649 4 18
On the AUD/NZD             1 hour chart we have a potential short opportunity at the D leg completion of a Cypher Pattern .

The price reversal zone on this pair is between 1.1007 & 1.1018
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.

Potential targets for the Cypher Pattern placed at the .382% and .618% retracement of the C to D move.
Stop loss would be placed above X leg structure resistance.

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I am short aud on a couple pairs now, it looks due for a retracement!
+1 Reply
TomHall TOP asiansupermarket
a year ago
There is a lot of bullish momentum on many Aussie pairs, but we must always trade what we see.
+1 Reply
asiansupermarket TomHall
a year ago
nzd pairs did this yesterday, something funny going on over there.
Reply
Adil-khan
a year ago
Yes trade what you see not what you think thanks for the reminder and good analysis-ed
Reply
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