Fxprotrader
Short

NZDJPY: Pending Bearish Cypher At Median Line

FX:NZDJPY   New Zealand Dollar / Japanese Yen
Almost the same structure as the AUDJPY             (link below) price has broken above the consolidation it was moving and is now heading towards the median line of an upsloping set. At that level we will have the completion of a bearish cypher pattern which in case it works out, we should have a priece drop most likely at the lower parallel of the pitchfork . At that level we should keep a closer eye for any buy setup completion. But first things first! The cypher is a nice sell opportunity.
Fully agreed.
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@jay_y, Glad to know, thank you :)
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