Support Breakout and Bullish Cypher
Trade Setup No: CUGBNZ022801
CHART TIME FRAME:H1
PATTERN / INDICATOR: Support Breakout and Bullish Cypher
PROJECTED PRICE ACTION: GBPNZD is testing the support. If Breaks and close below the support – 1.91000 – it will complete the D leg at 1.89600 ( Bullish Cypher Harmonic pattern.
We have 2 trade opportunities:
Area Of Entry: Closing below 1.91000
Stop Loss 1.91500
Take Profit 1:1.90500
Take Profit 2: 1.89700
And LONG trade
THE SETUP WOULD BE VALIDATED WHEN THE PRICE MAKES 2 HOURLY CLOSING BELOW 1.91000 SUPPORT.
Short Trade Reached The Target – 110 Pip – and Long Trade is Valid
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