SL = 1.96640
Entry = 1.96260
Target = 1.81668
Alternate (Conservative) entry = 1.94988
RR = 38.5 to 1
- Low risk, low exposure. Conservative entry should consider a lower SL (recommending 0.886 of prior swing).
- Trade invalidates at SL; Would reconsider re-entry at conservative level if resumes in that direction and model remains .
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$GBPAUD: In its purest form, Darren Oglesbee's Cypher pattern is invalid at Point-B:
@tradingview $GBP $AUD #forex
There are other patterns though, which might take price down from there. Bulls might resist a bit, though.