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TheForexSamurai

Long on the Cypher Pattern with 1:1 or wait for confirmation

Long
British Pound / Australian Dollar (FX:GBPAUD)  
TheForexSamurai Updated   
FX:GBPAUD   British Pound / Australian Dollar
7
0
If you have taken the Bullish 5-0 Pattern (check link to related ideas below) you have already stopped out. Hence the pattern itself is aslready Invalid. Right now we could go and form a potential Bullish Cypher Pattern that will compete at 1.6273.

Cypher Pattern PRZ: 1.6230 - 1.6273. Stops would be below X and/or could be atleast 1:1 RR with TP1.
TP1: 1.6353
TP2: 1.6402
Comment:
If you have taken the Cypher Pattern Setup. Your TP1 is already attained.
Comment:
If you have taken the Cypher Pattern Setup. Your TP2 is already attained with 2 pips away (considering the spread (ask and bid price) before market reverses.

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