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UnknownUnicorn180388
Aug 1, 2016 7:45 AM

NZD.JPY - BULLISH CYPHER SETUP - 73.345 Long

New Zealand Dollar/Japanese YenFXCM

Description

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 73.345 & 73.118
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 0.7400
Stop loss would be placed below X leg structure support.

Target 1 - 73.668
Target 2 - 73.866

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