TomHall
Short

NZD.USD - Bearish Cypher Pattern - 0.6841

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
On the NZD.USD 15 min chart we have a potential short opportunity at the D leg completion of a bearish Cypher Pattern

The price reversal zone on this pair is between 0.6841 & 0.6861
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.

Fibonacci Confluence: 78.60% - 127.20% & 161.80%

Potential targets for the Cypher Pattern placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around 0.6765
Stop loss would be placed above X leg structure resistance

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Website: www.UKForexSignals.com
Instagram: www.Instagram.com/UK_Forex_Signals
Instagram: www.Instagram.com/Tom_Hall_Official
Twitter: www.Twitter.com/Tom_H_Official
We also have a bullish opportunity i have been lurking at since last week
snapshot
+1 Reply
TomHall TOP ThomasJeff_DCM
9 months ago
It's not i pattern i would personally trade, but its a solid setup.
Reply
ThomasJeff_DCM PRO TomHall
9 months ago
I would like your opinion on why, its a perfectly fine Cypher
+1 Reply
ThomasJeff_DCM PRO ThomasJeff_DCM
9 months ago
Just had this perfect Bat setup, reversed right at the PRZ but my spread was 1 pip too big at the market opening earlier tonight, ohh i hate those sundays :-)
snapshot
Reply
TomHall TOP ThomasJeff_DCM
9 months ago
The D leg completion is a little high for me i would be looking for a minimum of a 78.6%
Reply
waterman
9 months ago
A very good idea 1
+1 Reply
TomHall TOP waterman
9 months ago
Thanks very much
Reply
yossih
9 months ago
thank you!!
+1 Reply
TomHall TOP yossih
9 months ago
My pleasure.
Reply
Tiberious
8 months ago
Hi tom, cheers for your charts im finding them extremely helpful for utilising advanced patterns, might i ask, how do you reach the 1.27 confluence level at the D leg area? I just can't work it out..
+1 Reply
TomHall TOP Tiberious
8 months ago
Hi,
No problem at all.
As this chart was nearly a month a go i can't remember off the top of my head, but i will find out for you.
Reply
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