NZD/CAD - Bearish Cypher

Hello traders, it appears NZD/CAD is now forming a bearish cypher pattern on the 1h chart. This is an excellent opportunity with a potential 200+ pip return!

The measurements for a valid cypher are detailed below.
B: 0.382 - 0.618
C: 1.272 - 1.414
X to D: 0.786

I'll be expecting price to stall out once it reaches the D point, keep this setup on your watch list.

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Comment: I expect one more move up before the drop!

Comment: We're now running in 60+ pips profit, here is what I see happening.

This structure provides an excellent entry point for anyone who missed out on the initial drop.
Comment: Price is now re-testing resistance, I'll be looking to re-enter after closing in profit upon market open this week.

Comment: This is my current outlook on the daily chart, pay close attention to candlestick formations on the 1h and 4h chart for a reversal.
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your analysis is on point!
any updates ?!
currently in this trade, do you think it's going to go up now? I feel like it might of reverse by now and maybe i should opt out and take whatever profit i made? But then I also think it might just be noise, so stay in and ride the wave? Lol.. I'm still so new at this so i'm not pro at reading the charts completely..
Great read thanks for sharing
@Drey, you're welcome, thanks!
I absolutely like entering on that retest my man ;)
@ash1309, yeah it's looking good :)
What you say about this pair right now?
@aaqei, the update I posted yesterday still stands :)
it is going up right now it will continue to upwards or will go down ? thanks in advance :)
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