GBP.NZD - Bullish Cypher 1.9018 & 1.8794

Dec 15, 2017

Currency pair - GBP.NZD
Chart timeframe - 4hr
Area of interest - 1.9018 & 1.8794
Chart pattern - Bullish Cypher

Potential target 1 - 1.9331
Potential target 2 - 1.9525
Potential extended target - 1.9600

Dec 15, 2017

Note

D leg completion at 1.9018

Dec 18, 2017

Note

Trade Update:
Although the D leg is complete i would be cautious and await a clear reversal signal from price action.

Dec 20, 2017

Note

Price approaching Target 1 if you entered at 1.9018
No signs of deceleration or reversal giving an indication more upside is possible.

I'm personally not live on this position as we are short a NZD pair.