Bullish Cypher At Structure Reversal Zone
The Nzdusd meets the ratio's for a valid bullish cypher pattern on the 240m timeframe. Not only is the pattern tradable as the pattern itself but it completes at a structure reversal zone which allows for potential extended targets.
Initial targets at the 38.2 and 61.8 retracement levels. Stops below the X leg.
Initial targets at the 38.2 and 61.8 retracement levels. Stops below the X leg.