felix92
Long

Trend Continuation: GBPAUD Outside return into Cypher Pattern.

FX:GBPAUD   British Pound/Australian Dollar
A perfect example how to combine possible advanced patterns and price structure to build a case for entry.

We recently saw a new structure high which is putting us in Trend Continuation Mode. Typically we see an outside return into previous structure, in this case perfectly lined up with the 0.382 % retracement of our last rally.

Completion Point D of the Cypher Pattern lines up exactly with the 0.382% retracement.
The setup shows how I personally manage positions for this kind of trend continuation trade.

Good Luck!
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