There is a bearish cypher for GBPNZD. With confirmation, I plan to enter short at 1.93910. I am looking for a retest and rejection of this level as confirmation of the bearish bias. Take profit targets are set at the 38.2 and 61.8 Fibonacci retracement levels of leg CD. The stop loss would have the same number of pips as TP1 by default. Tentative details are as follows: