GBPAUD: Completed Harmonic Cypher Pattern

Short

British Pound / Australian Dollar (FX:GBPAUD)

FX:GBPAUD British Pound / Australian Dollar

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harmonicpatterns indicator cypherpattern

Cute bearish cypher formed on GBPAUD .
Yesterday's weak daily bullish candle confirms the slowing bullish movement + rsi reached overbought condition.

Chances are high that the price will retrace.

Our initial target will be:
1.82

safest stop:
1.852

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Comments

ok ok, great technical setup. nice work, keep it up!

ProjectSyndicate

@ProjectSyndicate, thank you my friend ☺️

prefect brother

wijitha

@wijitha, thank you bro!

wrong pattern

parsaafzali66

@parsaafzali66, Yeap! Always wrong_

parsaafzali66

yeeh.. it's wrong

Thanks for the trade info Vasily, but the risk to reward seems quite high on this one ,does it not?

BusinessBeyond

@BusinessBeyond, It depends on where you enter!
I am on vacation so give the trades with a relatively long delay.
If you enter that trade from X point of the pattern, rr will be decent

VasilyPonomarev

@VasilyPonomarev, Thank you for your comment Vasily! I hope you are enjoying your vacation! CHEERS!!