Double Bottom at Cypher completion on GBPNZD

FX:GBPNZD   British Pound / New Zealand Dollar
Hi guys,
here on GBPNZD as you can see we have a nice double bottom (with RSI divergence) right at the completion point of the Cypher pattern . Besides, this level is also a level of structure that lines up pretty well with the 618 retracement of the bigger leg.
The last bullish candle is the final sign of a possible reversal.
We'll see. Stops below the low, target1 at the retest of the highs, target2 to be determined (right now i think at the second cypher's target)

If you want to share your thoughts or ask questions, feel free to comment below.
Otherwise, see you in the next chart!
Trade closed: target reached: First target hit! Stop at break even now.
Trade closed: target reached: Second target hit for a total of 220 pips in profit!
Se sei d'accordo, lascia un mi piace! Grazie
Canale Italiano:
Ultimo video:

If you agree, like this chart! Thanks
My last (english) videoanalysis here:


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