NZD/USD - Cypher & Bat

Hello traders, it appears NZD/USD has completed the bearish bat pattern but is now forming a bearish cypher pattern on the 4h chart.

This correlates with the bearish cypher on the 4h chart for AUD/USD shown below.

I'll be looking for extra validation before entering this trade!

Commentaire:

Price has now reached the top of a descending channel, watch this area for an entry point.