NZDUSD Bullish Cypher at Daily Supoort

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
I've had my eye on NZDUSD             for a while now looking for a bullish opportunity only to see the market blow past structure level after structure level. Now it finally looks like I'll have a trading opportunity as price action looks to retest and hold it's current level of support.

If everything goes the right way a retest would give me a completed Cypher pattern with an excellent place to hide stops. As mentioned before, daily support is present, along with a key psychological level in 84 flat. Lately I've been taking profits at a single position but in this particular opportunity I may look to split the position in half once again depending on what price action looks like.
Check Out These Free Training Lessons

Over 500 Free Videos - Subscribe To My Youtube Channel

After today's movement on the Kiwi pairs, there may be another long opportunity in the waiting for us. I wouldn't complain about getting a 2nd bounce of support and potentially banking some more profits ;-)
Sam0101 Akil_Stokes
2nd bounce of support means?
That worked out nicely. Were you expecting an exact retest? Or just the cypher completion?
I was expecting the Cypher completion but the structure level served as a nice level of protection as well. So I thought the level as a whole had a good chance of holding, but worked out in my favor that it turned around right away
Sam0101 Akil_Stokes
Is it going to retest 0.853 again?
If we can hold this support level then yes I think we'll come up to test 85's again.
m4nti Akil_Stokes
Thanks a lot for taking the time to reply. You and Jason are doing the lord's work :p
+1 Reply
Sam0101 m4nti
todays US news bring impacts to it. Will it able to sustain and hold?
1st targets should have been hit before the news was released
Am i right if i say that pattern is already complete?
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out