EURNZD - bearish cypher complete ?

One of my favourite patterns is the cypher pattern. But what to do when the price seems to have reversed just before completion ? In this particular case, 15 pips are keeping us from the completion of this otherwise beautiful cypher pattern and it retrace just below a level that previously has served as support and could now become resistance.

Question is now, will this pattern still complete or will we see price move downwards from here on ? One thing I think we can exclude, is that price would move above the stop loss. Whether you want to enter now and have a reversed RR profile for target 1, or you want to look for an eventual completion, the choice is yours.

Whatever you do, make sure it matches your trading plan.