NZDCHF: Buy setup

Potential play for CD legs of two bearish Cypher patterns as potential targets.
Divergences between the last waves. Be careful as the main trend is to downside.

Good Luck!

Kommentera:

TP1 reached

Kommentera:

Price completed the first to targets and as the wave developed we have a potential bearish bat pattern and a 5 wave move also to upside. For the time being we are inside a contracting triangle. If the triangle is broken to downside we can be in a bigger correction or trend continuation to downside. If price breaks the triangle and continues to upside we can be inside a flat correction.