EUR.NZD - BULLISH CYPHER SETUP - 1.4695
On the EUR.NZD 1hr chart we have a potential long opportunity's at the D leg completion of bullish Cypher setup.
The price reversal zone on this pair is between 1.4695 & 1.4657
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 back into 1.4800
Stop loss would be placed below X leg structure support.
Target 1 - 1.4748
Target 2 - 1.4781
The price reversal zone on this pair is between 1.4695 & 1.4657
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 back into 1.4800
Stop loss would be placed below X leg structure support.
Target 1 - 1.4748
Target 2 - 1.4781
Comment:
D leg now complete at 1.4695
Comment:
Price has blown through 1.4695 & 1.4657 not meeting my rules to enter.
The position is now invalid.
The position is now invalid.
Comment:
Although i personally didn't take this position, if you entered at the D leg 1.4695 your target 1 should be attained.