EURNZD: Cypher pattern (1hr)

FX:EURNZD   Euro / New Zealand Dollar
We completed the cypher pattern on 1 hr             time frame. By looking at the chart, the overall trend is still bearish . Therefore, there is a likelihood of this trade setup being unsuccessful. Market making lower highs and lower lows also gives us a good signal of a bearish trend . Since this is a counter-trend trade, it's better to enter at the preferred entry zone. This allows you to reduce your risk while getting a high-probability entry at previous structure level. See the chart for details.

Trade safe and Good luck!!
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