GBPAUD Trade Setup + Update Short

British Pound/Australian DollarFXCM

Description

⋅ Jun 4, 2015 1:40 PM

Hi everyone posted the pattern (blue) yesterday and we are in a profit for more then 300+ pips almost. The new setup is a cypher pattern (Red). I have marked four targets which in my opinion the price will go to. Lets see and Good Luck :)

Comments

RightMove

⋅ Jun 5, 2015 5:36 PM

This was Niiiiice :)

KevinSinghDhaliwal

⋅ Jun 5, 2015 5:37 PM

Hi RightMove, this played out nicely. Third target was hit but price reversed. Still a good trade hit 3/4 targets :)

jonatsgonats

⋅ Jun 4, 2015 2:38 PM

2.00 now... what is invalidity area?

moneymaking

⋅ Jun 4, 2015 2:40 PM

Hey jonatsgonats, I believe for cypher pattern the stop loss should be roughly 10 to 20 pips above the X point. Cheers :)

KevinSinghDhaliwal

⋅ Jun 4, 2015 2:43 PM

Hi jonatsgonats, completely agree with moneymaking just around/above the x area

moneymaking

⋅ Jun 4, 2015 2:44 PM

Sorry for replying on your behalf. I hope you don't mind :)

KevinSinghDhaliwal

⋅ Jun 4, 2015 2:46 PM

Hi moneymaking, not at all I appreciate your support and all your comments.

moneymaking

⋅ Jun 4, 2015 1:43 PM

Hey Kevin, your eyes are like hawk eyes, LOL. I would have never identified the red cypher pattern. Well done mate, Good luck :)

KevinSinghDhaliwal

⋅ Jun 4, 2015 1:58 PM

Hi moneymaking I appreciate the words, did you catch yesterday's buy trade? and Good Luck to you too :)

moneymaking

⋅ Jun 4, 2015 1:59 PM

Unfortunately I did not :(