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LewisGlasgow

NZD/USD - Cypher & Bat

Short
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
LewisGlasgow Updated   
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
lewisglasgow lewglasgow sixfigurecapital Bearish Cypher Bearish Bat
60
6
lewisglasgow lewglasgow sixfigurecapital bearishcypher bearishbat
Hello traders, it appears NZD/USD has completed the bearish bat pattern but is now forming a bearish cypher pattern on the 4h chart.

This correlates with the bearish cypher on the 4h chart for AUD/USD shown below.

AUD/USD - Bearish Cypher

I'll be looking for extra validation before entering this trade!
Comment:
Price has now reached the top of a descending channel, watch this area for an entry point.

snapshot
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