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
Nota
If you front run your orders to take spread into consideration you may now be long on this position.
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If you entered at .7261 your target 1 & 2 should be attained
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5 Easy Steps To Trade The Bat Setup
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Awaiting a consolidation period prior to a push higher into next week.
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I will be awaiting a break of .7350 prior to any entry.
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If you entered at .7261 your extended target should be attained
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