Bracketing the GN with 2 ACP.

Here on the GBPNZD. Price right now could form a potential bullish Butterfly pattern at the same time price is at zone by which it could be a potential C point of a bearish Cypher Pattern. As you can see price could still extend down to the 161.80% that could give us a butterfly completion to go LONG and stops must be below the redline. And a C point of a potential bearish cypher/shark for another short opportunity on the completion of the bear pattern setups. It is crucial to understand market movement/potential reversal using those fibs levels. Caveat.

Comment:

Bull Butterfly Pattern is already completed.

Comment:

If you have taken the Bullish Buttefly Pattern, you have already attained TP 1.

Comment:

If you have taken the Bullish Buttefly Pattern, you have already attained TP 2.