Cypher Pattern , Gbp/Nzd, 1hr
Here we see a cypher pattern on the Hourly char GBP/NZD.
The pattern has completed under the linear regression and therefore has a strong chance of moving back above the regression much like the pattern suggests.
We are going to place our actions as so
Limit: 1.618 extension of the BC leg
Entry: Point B
Stop: Point X
I have a good feeling about this trade, please check back in for the results.
Don't forget to like comment and Follow.
As always Good Trading !
The pattern has completed under the linear regression and therefore has a strong chance of moving back above the regression much like the pattern suggests.
We are going to place our actions as so
Limit: 1.618 extension of the BC leg
Entry: Point B
Stop: Point X
I have a good feeling about this trade, please check back in for the results.
Don't forget to like comment and Follow.
As always Good Trading !
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.