Cypher formation a little bit more long term trade for 300pips but all the things are on place to enter the trade. I will shoot for 300pips. Reason for entry NZD have been weakening for quite long and the EUR has strengtened due to the events in the EZ. I believe we may see 38.2% retracement of the last leg of the move. As well the RSI is overbought and we have some level of structure reisstence.