GBPNZD Bearish Cypher Pattern and Long Opportunity
GBPNZD Bearish Cypher Pattern and Long Opportunity
This is a mid-term/long term trade setup.
GBPNZD broke the bearish territory on H4 Chart and the price moved above EMA 50.
A bearish Cypher pattern completed at 1.88200 and Bearish Butterfly pattern would be completed at 1.89150.
Those patterns are signalling a bearish correction.
Our Midterm Trade Setup:
Pending Buy Order @ 1.86740 and 1.85600
Stop Loss: 1.84000
Targets: 1.90430 1.91500 1.93400 and 1.95400
This is a mid-term/long term trade setup.
GBPNZD broke the bearish territory on H4 Chart and the price moved above EMA 50.
A bearish Cypher pattern completed at 1.88200 and Bearish Butterfly pattern would be completed at 1.89150.
Those patterns are signalling a bearish correction.
Our Midterm Trade Setup:
Pending Buy Order @ 1.86740 and 1.85600
Stop Loss: 1.84000
Targets: 1.90430 1.91500 1.93400 and 1.95400
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