$GBPAUD Potential Cypher Pattern

FX:GBPAUD   British Pound / Australian Dollar
Watching this pair for the final development of a potential Cypher pattern . Initial thoughts on the trade shown in the chart, but I will re-evaluate and update depending on how it unfolds.

(Disclaimer: I am only demo trading so please do your own due diligence and follow your own trading plan)
Damn it!! Stopped out by 4 pips!