On the NZD.USD 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 .7026 & .6970 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 .7200 Stop loss would be placed below X leg structure support.
Target 1 - .7107 Target 2 - .7158
Komentarz
⋅
RSI now oversold at 16.08
Komentarz
⋅
ALERT: Price approaching D leg completion.
Komentarz
⋅
NZD.USD - D leg completed
Komentarz
⋅
Komentarz
⋅
Minor support found at .7038, potential reversal?
Komentarz
⋅
Komentarz
⋅
Bullish period now expected.
Anulowano zlecenie
⋅
No trade taken on this pair, price has now broke X leg invaliding entry.
Komentarz
⋅
On Sunday 18th December i will be posting my personal rules on how to trade the Bat setup.