On the EUR.NZD 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 1.4695 & 1.4657 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 1.4800 Stop loss would be placed below X leg structure support.
Target 1 - 1.4748 Target 2 - 1.4781
Nota
D leg now complete at 1.4695
Nota
Price has blown through 1.4695 & 1.4657 not meeting my rules to enter. The position is now invalid.
Nota
Although i personally didn't take this position, if you entered at the D leg 1.4695 your target 1 should be attained.
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