EUR.NZD - x2 Bearish Cypher Patterns

FX:EURNZD   Euro / New Zealand Dollar
On the EUR.NZD 15 min chart we have two potential short opportunity's at the D leg completion of Cypher Patterns

Price Reversal Zone - Blue 1.7038 & 1.7133
Price Reversal Zone - Green 1.6919 & 1.6985
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 .
He down at 1.6764 and go up not sure
And probality to down now because fibo is 50% now
+1 Reply
TomHall Dorisan
This setup never gave us the confluence to trade.
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