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UnknownUnicorn180388

GBP.NZD - Bullish Cypher 1.9018 & 1.8794

Long
British Pound / New Zealand Dollar (FX:GBPNZD)  
UnknownUnicorn180388 Updated   
FX:GBPNZD   British Pound / New Zealand Dollar
Harmonic Patterns Trend Analysis Chart Patterns ukforexsignals GBPNZD
50
30
harmonicpatterns trendanalysis chartpattern ukforexsignals gbpnzd
Currency pair - GBP.NZD
Chart timeframe - 4hr
Area of interest - 1.9018 & 1.8794
Chart pattern - Bullish Cypher

Potential target 1 - 1.9331
Potential target 2 - 1.9525
Potential extended target - 1.9600
Comment:
D leg completion at 1.9018
Comment:
Trade Update:
Although the D leg is complete i would be cautious and await a clear reversal signal from price action.
Comment:
Price approaching Target 1 if you entered at 1.9018
No signs of deceleration or reversal giving an indication more upside is possible.

I'm personally not live on this position as we are short a NZD pair.
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