GBPNZD Bearish Cypher Pattern and Long Opportunity

GBPNZD Bearish Cypher Pattern and Long Opportunity

This is a mid-term/long term trade setup.

GBPNZD broke the bearish territory on H4 Chart and the price moved above EMA 50.

A bearish Cypher pattern completed at 1.88200 and Bearish Butterfly pattern would be completed at 1.89150.

Those patterns are signalling a bearish correction.

Our Midterm Trade Setup:

Pending Buy Order @ 1.86740 and 1.85600

Stop Loss: 1.84000

Targets:  1.90430   1.91500 1.93400 and 1.95400