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TheForexSamurai

Long on a pattern based trade setup - Cypher

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
TheForexSamurai Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Harmonic Patterns
8
0
harmonicpatterns
A two potential bullish cypher pattern in the market for a long trade opportunity. One Cypher (A) is already completed. Another Cypher (B) will soon to be completed and could be another opportunity for us to take a long trade. Price breaching the pattern/setup POR will invalidate this whole bullish setup hence there would be no buying opportunity. We will see in the future's market/price action. Trade with care. And also if current price will hit TP 1 Cypher A and as long price will not breach the patterns/setup POR and price will create a new low, there could also be a possible bullish pattern in the setup.
Comment:
TP1 Cypher A is been reach if tyou have taken cypher a setup.
Comment:
TP2 Cypher A is been reach if you have taken cypher a setup.
Comment:
Will we see a complete Cypher B now?
Comment:
Bullish Cypher B is now completed. Will we see for a long/buy trade opportunity?
Trade active
Comment:
snapshot
will this play out well?
Trade active
Trade closed: stop reached

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TheForexSamurai
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