LukeFagan

117pip CyPHER move in 1 hour!

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Price action formed a Bearish Cypher formation (D Completion around the 0.69321 level found the pattern late but luckily and happend to give me a better risk reward. price action was consolidating for most of the day at a loss until RBNZ Press Conference and RBNZ Monetary Policy news took place then price rolled over and both target 1 and 2's got taken out in less than an hour. price action is now pulling back from this huge drop off if it reaches my kill zone will be looking to take a short position once price action gives me confirmation of the down trend