NZD.USD - BULLISH CYPHER SETUP - .7261
Updated
On the NZD.USD 1hr chart we have a potential long opportunity's at the D leg completion of bullish Cypher setup.
The price reversal zone on this pair is between .7261 & .7241
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets back into .7325
Stop loss would be placed below X leg structure support .
Target 1 - .7290
Target 2 - .7308
The price reversal zone on this pair is between .7261 & .7241
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets back into .7325
Stop loss would be placed below X leg structure support .
Target 1 - .7290
Target 2 - .7308
Note
If you front run your orders to take spread into consideration you may now be long on this position.Note
If you entered at .7261 your target 1 & 2 should be attainedNote
5 Easy Steps To Trade The Bat Setup
Note
Awaiting a consolidation period prior to a push higher into next week.Note
I will be awaiting a break of .7350 prior to any entry.Note
If you entered at .7261 your extended target should be attained
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