2018Oct29 EURNZD H1 Bullish Cypher
EURNZD is currently sideways and completed a bullish cypher. Price has been rejected at the potential reversal zone. Upon confirmation of the bullish bias, I will go long. Stop loss is just below the X point. The take profit target is set at the 61.8 Fibonacci retracement level of the leg CD. Trade details are as follows:
Trade Setup: Bullish Cypher
Price Entry 1.74034
SL 1.73508 | SL pips 52.6
TP2 1.75048 | TP2 pips 101.4
RRR2 1.93
Trade Setup: Bullish Cypher
Price Entry 1.74034
SL 1.73508 | SL pips 52.6
TP2 1.75048 | TP2 pips 101.4
RRR2 1.93
Order cancelled
B point completed beyond the 61.8 Fibonacci retracement level of the XA leg making the setup invalid.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.