Higher timeframe analysis on this pair causes me to predict a Continuation down to our lower level of structure, so this would be an opportunity where the trader may want to consider looking for extended targets.
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When you posted this potential Bearish adv. Bat formation I was a little bit sad because I didn’t see it so I didn’t take it bcz I didn’t have the time to read the chart and of course will not take it just because you said that, mainly because it must meet my rules. I´m following your rules :)
Now that you are out on NZDUSD, I’ve spotted a potential Bearish adv. Cypher formation with X leg @ 0.731.
There is also a potential bullish Cypher @ 0.7176 with the X leg @ 0.7160 on the 15 min. Looks like there is some decent higher time frame support looking left and also a 1.161 inversion and harmonic move as confluence. Could use this Cypher as a possible way up to previous highs/ up to the bigger bearish Cypher formation.
What do you guys think? @Makolico @Akil_Stokes