Updated NZD/USD analysis
Looking ahead our Cypher Advanced Pattern seems to have extended slightly. It's new projected "C" point has confluence with the .618 Fibonacci retrace of the larger move and Box Theory© concurs.
Our rules of engagement mean we can't trade unless we see a break & close beyond structure, then a retrace that gives us a decent risk/reward. So until we (maybe) hit "C" and begin out decent toward the projected "D", this is purely analysis to keep us ahead of the game, not a trade idea.
As always, comments are welcome and encouraged.
Our rules of engagement mean we can't trade unless we see a break & close beyond structure, then a retrace that gives us a decent risk/reward. So until we (maybe) hit "C" and begin out decent toward the projected "D", this is purely analysis to keep us ahead of the game, not a trade idea.
As always, comments are welcome and encouraged.
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