NZD.JPY - Bullish Cypher Pattern 76.741

FX:NZDJPY   New Zealand Dollar / Japanese Yen
On the NZD.JPY 1 hour chart we have a potential long opportunity at the D leg completion of a Cypher Pattern

The price reversal zone on this pair is between 76.741 & 76.047
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 Pattern placed at the .382% and .618% retracement of the C to D move.
Stop loss would be placed below X leg structure support .
Hi Tom, where would be a good place to put SL on this trade?
+1 Reply
TomHall Hanu727
That is the only bit of information i don't send out on my analysis, as it would depend on a number of factors as to where you would place your stop loss.
Although i cant give you an exact number, it is crucial that your stop loss is below the X leg.
D leg completion, this trade is now live.
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