Bearish Cypher Pattern on GBPUSD Short

British Pound/Swiss FrancFXCM

Description

⋅ Feb 23, 2017 4:38 PM

There has been a lot of advanced patterns this week and we have another one here in the form of a bearish cypher pattern on GBPCHF so let's see what the market will do.

Trade active

⋅ Feb 23, 2017 5:51 PM

Trade closed: target reached

⋅ Feb 24, 2017 8:34 AM

1st Target off For 30 Pips

Trade closed: target reached

⋅ Feb 24, 2017 1:49 PM

Target 2 Off for 50 Pips

Comments

Joseph_Yabwa

⋅ Feb 24, 2017 5:14 PM

I apologise for the typo on the title. It should be GBPCHF not GBPUSD

rucailo

⋅ Feb 24, 2017 2:46 PM

Do you also look for patterns in higher timeframes like 4 hr. or 1 day charts?

Joseph_Yabwa

⋅ Feb 24, 2017 2:51 PM

@rucailo, Yes I do but only if my stop loss will not exceed 100 pips.

rucailo

⋅ Feb 24, 2017 2:44 PM

Very nice!

rucailo

⋅ Feb 23, 2017 6:37 PM

Moving as predicted...