FX:GBPCAD   British Pound / Canadian Dollar
A potential bull cypher advanced formation is setting up. It is seen by wpr(14,-20,-80), cci (14,100,-100) and rsi (5,70,30)reversal algorithms. Oscillator wave confirmation algorithms are frequently used by Ellioticians.

If you have this pattern in your trade plan then...

buy in 1.6837-1.6751 zone. if the zone is crossed then the pattern didn't work. first target is 1.6912, second target is 1.6958. The targets are adjusted if price action goes deeper into the yellow zone(restretch the fibs to fit priceaction and find new 0.382 and 0.618 levels).
This pattern was found by the MPS-v5.5 pattern recognition software: https://mps-trade.com

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That’s that mean this signal trend is not working anymore?
arrowminds arrowminds
@arrowminds, this indicator has built in harmonics and divergence
Would buy zone remain the same after this kind of jump up?
+4 Reply
@jbrn, obviously a reversal started much earlier and the buy zone is no longer valid.
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