TradingView
Goztrak
Sep 29, 2017 2:34 AM

GBPAUD - Long Cypher Long

British Pound/Australian DollarFXCM

Description

Hello traders,

GBPAUD Setting up for a Bullish Cypher Pattern. Gotta have to wait and see where the D leg completes but optimally would be at the 0.786 retracement of (X-A).
I will update the setup with SL/TP targets when price approaches and I know where the D leg has completed.


Like & Follow to get notified of ideas!

Comment

Woke up to a nice rally but didn't get the chance to catch it. I will catch it again, these were my initial TP and SL targets. Let's see if it moves back down

Comment

Accidentally put this in the comments but potential Bearish bat can form which adds confluence for the Cypher pattern, also respects TL.

Order cancelled

Invalid broke structure
Comments
Goztrak
Bearish bat can form which adds confluence for the Cypher pattern
More