GBP/NZD LONG
Updated
Entered on breakout of VPOC at 1.91999
SL: 1.91692
TP1: 1.92826 (.5 fib)
TP2: 1.93690 (.618 fib/resistance)
TP3: 1.95278 (.786 fib/resistance)
Cipher Analysis:
Cipher A: Retest of Bullish 4 hour 21 EMA , Green Diamond
Cipher B: Anchor/Trigger Waves with money flow curling into the green on 4 hour.
SL: 1.91692
TP1: 1.92826 (.5 fib)
TP2: 1.93690 (.618 fib/resistance)
TP3: 1.95278 (.786 fib/resistance)
Cipher Analysis:
Cipher A: Retest of Bullish 4 hour 21 EMA , Green Diamond
Cipher B: Anchor/Trigger Waves with money flow curling into the green on 4 hour.
Note
Original Idea wasn't posted using Heikin-Ashi Candles. Updated.
Note
With .618 being tagged with bearish divergence on the 4 hr/6hr, reversal is probable.Today is the day New Zealand decides whether or not to hike interest rates or not. If New Zealand does decide to raise interest rates, NZD will skyrocket, causing GBP/NZD to plummet. Just a thought.
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