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.
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