On the GBP.NZD 4hr 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 1.7871 & 1.7744
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 at around 1.8260
Stop loss would be placed below X leg structure support.
Target 1 - 1.8052
Target 2 - 1.8165
The price reversal zone on this pair is between 1.7871 & 1.7744
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 at around 1.8260
Stop loss would be placed below X leg structure support.
Target 1 - 1.8052
Target 2 - 1.8165