Bullish Cypher "above" previous consolidaton channel! ® Panjang
Euro Fx/New Zealand DollarFXCM
Huraian
⋅ After leaving the consolidation channel in which the price remained since June17, a possible Cypher showing signs of continued upward movement;
Major trend support broken, tested (and rejected as "RESISTANCE");
Recent trend support already tested and rejected (green arrows);
Point D from advanced pattern synced with recent trend support line;
NOTE: Price action showing BEARS control at lower time frames, which can result in invalidation of this pattern;
Cypher:
Point B - 38.2% 61.8% XA
Point C - 127% 141% ext XA
Point D - 78% XC
Long @d
TP1 38.2% CD
TP2 61.8% CD
Safe trades;
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