TomHall
Long

GBP.NZD - Long Opportunity At 1.7739

FX:GBPNZD   British Pound/New Zealand Dollar
On the GBP.NZD 4hr chart we have a potential long opportunity at the D leg completion of bullish Cypher setup.

The price reversal zone on this pair is between 1.7739 & 1.7646
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 1.8000
Stop loss would be placed below X leg structure support .

Target 1 - 1.7868
Target 2 - 1.7950
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Hi Mr , have you any updating about GBP NZD ?
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TomHall TOP winerstep
@winerstep, Hi,
No update as yet.
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Dear Tom, is this no more valid??
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TomHall TOP salah3827
@salah3827, Hi,
It's not now valid no.
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What I also like about this is that the 1.77 area has acted as sup/res dating back to April '13. It is also the .382 retracement of the latest Daily move up and the Daily 50 day moving average is making it's way into this area as dynamic suppoprt. So lot's of confluence around this PRZ. Could actually see a larger move on the higher timeframes up to 1.82 area.
+1 Reply
TomHall TOP jdog1981
@jdog1981, Great to hear you are breaking it all down to trade.
We will see how it plays out :-)
Reply
what area good for buy and sell
+1 Reply
TomHall TOP AzeemSindhu
@AzeemSindhu, Hi,

Between 1.7739 & 1.7646 is an area of interest, your entry will depend on your rules.
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