EUR.NZD - Cypher Setup - 1.6370

FX:EURNZD   Euro / New Zealand Dollar
On the EUR.NZD 4h 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 1.6370 & 1.6226
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 1.6842
Stop loss would be placed below X leg structure support .

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PRZ corresponds nice to a trendline that has acted as good support on the past...
+1 Reply
TomHall TOP marcus123
I agree
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