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UnknownUnicorn180388
Dec 20, 2015 11:10 AM

EUR/NZD - Bearish Cypher Pattern Short

Euro Fx/New Zealand DollarFXCM

Description

On the EUR/NZD 15m 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 1.6185 & 1.6218
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.

Website.
UKForexSignals.com
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