TomHall
Short

NZD.USD - Bearish Cypher Pattern - 0.6938

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 0.6938 & 0.6964
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% & 141.40%

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 0.6848
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
newbie2016
8 months ago
Totally agree with your setup.. we will see jump then fall towards 0.684
+1 Reply
TomHall TOP newbie2016
8 months ago
Thanks very much, a small gap down so we will have to wait and see.
Reply
newbie2016 TomHall
8 months ago
I was already having plan to short from 0.6945 and your setup gives me more confirmation :)
+1 Reply
TomHall TOP newbie2016
8 months ago
Everything is still valid, so we will see if price can get upto our entry level.
Reply
newbie2016
8 months ago
nzdusd came down to target without hitting entry point lol
+1 Reply
TomHall TOP newbie2016
8 months ago
Aslong as price doesn't exceed 0.6831 the pattern will still be valid for me.
Reply
newbie2016 TomHall
8 months ago
okay, fine..
+1 Reply
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