NZD.USD - BULLISH CYPHER SETUP - .7026
On the NZD.USD 4hr chart we have a potential long opportunity's at the D leg completion of bullish Cypher setup.
The price reversal zone on this pair is between .7026 & .6970
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets back into .7200
Stop loss would be placed below X leg structure support.
Target 1 - .7107
Target 2 - .7158
The price reversal zone on this pair is between .7026 & .6970
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets back into .7200
Stop loss would be placed below X leg structure support.
Target 1 - .7107
Target 2 - .7158
Comment:
RSI now oversold at 16.08
Comment:
ALERT:
Price approaching D leg completion.
Price approaching D leg completion.
Comment:
NZD.USD - D leg completed
Comment:
Comment:
Minor support found at .7038, potential reversal?
Comment:
Comment:
Bullish period now expected.
Order cancelled:
No trade taken on this pair, price has now broke X leg invaliding entry.
Comment:
On Sunday 18th December i will be posting my personal rules on how to trade the Bat setup.