TomHall
Long

NZD.JPY - BULLISH CYPHER SETUP - 72.381

FX:NZDJPY   New Zealand Dollar/Japanese Yen
On the NZD.JPY 15min chart we have a potential long opportunity's at the D leg completion of bullish Cypher setup.

The price reversal zone on this pair is between 72.381 & 72.231
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 at around 72.903
Stop loss would be placed below X leg structure support .

Target 1 - 72.620
Target 2 - 72.764

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great chart !
+1 Reply
TomHall TOP DAVID_GIRALDO
Thanks very much :-)
Reply
very good Sir!! ;)
+1 Reply
TomHall TOP papawinnie
Thanks very much.
Reply
What a beauty! Pain-free winner at it's finest :)
+1 Reply
TomHall TOP lukeboland
Unfortunately we didn't manage to take this position due to the spread, but hopefully some did.
Have a great week.
Reply
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