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.

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As always Good Trading !