GBPAUD potential bullish Cypher pattern about to complete

FX:GBPAUD   British Pound / Australian Dollar
This is a repost of a post i made last week, i just want to announce that its close to completion with RSI overbought so keep it on your radar the rest of the day and tomorrow. Its a trend continuation trade. so let´s get that reversal!

Comments good or bad are very welcome

Kind regards
Thomas Jeff
Hey Thomas great chart
Hei thanks a lot Kate, but it just made a big retracement just before my entry so i need to hope we get another retracement. You kevin must be in good profit now
KevinSinghDhaliwal ThomasJeff_DCM
HI Thomasjeff, yes but I took the profits little too early. Still a good trade
ThomasJeff_DCM KevinSinghDhaliwal
you made a good profit too, i just could not break my rules so i had to wait for it to hit my target or my break even stop, i just got lucky it hit my target.
+1 Reply
Hi Thomasjeff, On this one too lets see how it plays out!
ThomasJeff_DCM KevinSinghDhaliwal
Hello my friend, Its the same cypher as i posted right? Or what is it you are showing on your chart? i did not see the earlier pattern, what pattern is that? a BAT? I like you use the trendlines to confirm the breakout. Lets hope it reverses.
KevinSinghDhaliwal ThomasJeff_DCM
Hi showing the second trade, the first pattern is just on my chart from earlier trade and the trendline breakout was posted on my profile too and yes lets see. Good Luck :)
ThomasJeff_DCM ThomasJeff_DCM
Ahh i see now you are allready at your entry, i got my X leg a bit lower that must be the reason right?
KevinSinghDhaliwal ThomasJeff_DCM
Yes usually i use previous structure within the pattern. In my opinion there is a previous support in that area
ThomasJeff_DCM KevinSinghDhaliwal
Ahh okay like that, i always use the exact retracement end or the end of an impulse leg. so my stop becomes below previous structure. But i think you got a good entry it looks like its retracing north! The previous pattern on your chart is that a bat or a Gartley cause i think i must have missed that one. it looked to had been a great winner
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