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
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..
UnknownUnicorn180388
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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.
yossih
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thank you!!
UnknownUnicorn180388
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My pleasure.
waterman
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A very good idea 1
UnknownUnicorn180388
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Thanks very much
UnknownUnicorn101425
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We also have a bullish opportunity i have been lurking at since last week
UnknownUnicorn180388
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It's not i pattern i would personally trade, but its a solid setup.
UnknownUnicorn101425
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I would like your opinion on why, its a perfectly fine Cypher
UnknownUnicorn101425
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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 :-)