NZD/USD Bullish Cypher

Bullish Cypher pattern for NZD/USD. Beware though, price has yet to reach point X of the Gartley pattern preceding the current Cypher pattern,
and with price near point X (0.6818) I would be cautios entering a long trade for now.

A safe entry tactic would be to wait for price to close above the 10SMA (blue line), which is currently roughly above point B of
the Cypher pattern.

Target 1 Conservative: 0.6928 (61.8% Fibo retracement)
Target 1 Aggressive: 0.6950 (point A)

Target 2: 0.6979

Place stops either below 0.6877, or below 0.6845.

Just be patient, and wait for a signal to go long and keep an on DXY which is oversold currently on the 4 hour time frame.

Happy trading
CypherHarmonic Patterns

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