johan.larsson
Long

Potential Cypher @ 1,6967 ( at previous structure)

FX:GBPNZD   British Pound / New Zealand Dollar
95 0 4
If we get down to that level before invalidating the pattern (closing beyond the extension of 1,414 of X-A) we have a solid opportunity to go long. The maximum wins would be 212 pips compared to the risk of 164 pips.

This is not a signal, nor should you take this idea for anything but an idea. I am in no position to tell anyone what to do. I only want to create discussion, and to train my eye.. Good luck to everybody in the markets.
Comment: Limit order set for 1,6967
Trade active: order filled
Comment: Adjusted target 1 hit, stops for the remainder to break even.
Comment: Hopefully this will take us all the way up to target 2
Trade closed: target reached: target 1 reaced - 44 pips
target 2 stopped out for break even - 0 pips
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