GBP.NZD - Short Opportunity 1.8831
On the GBP.NZD 1hr chart we have a potential short opportunity at the D leg completion of bearish Cypher setup.
The price reversal zone on this pair is between 1.8831 & 1.8875
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 1.8700
Stop loss would be placed above X leg structure resistance.
Target 1 - 1.8771
Target 2 - 1.8733
The price reversal zone on this pair is between 1.8831 & 1.8875
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 1.8700
Stop loss would be placed above X leg structure resistance.
Target 1 - 1.8771
Target 2 - 1.8733