TomHall
Short

EUR.NZD - BEARISH CYPHER SETUP - 1.5749

FX:EURNZD   Euro / New Zealand Dollar
On the EUR.NZD 4hr chart we have a potential short opportunity's at the D leg completion of bearish Cypher setup.

The price reversal zone on this pair is between 1.5749 & 1.5827
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 setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around 1.5489
Stop loss would be placed above X leg structure resistance .

Target 1 - 1.5631
Target 2 - 1.5554

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I agree with you, long then short exactly. :-)
+1 Reply
TomHall TOP handosul
Let's see if EUR.NZD want's to play ball :-)
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