forexhunter

Potential cypher formation

Long
FX:NZDCHF   New Zealand Dollar/Swiss Franc
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Nzdchf -> at the 1day chart we are expecting double top before going back to the downside however we can see a strong support holding at 0.71917

If we see another bounce from that support level we should be expecting a move to the 0.72708 area for our next target upside


Other ways to get involve in this trade is if we switch to the lower time frame e.g 15min chart we can see a cypher pattern formation with D leg completion at 0.71746 area for a potential long opportunity to 0.72151 and 0.72708 target area

This is the trade on my radar for next week

Happy Trading guys
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