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TrendsWithBenefits
May 5, 2016 12:04 AM

GBPCHF Cypher Pattern and some structure Short

British Pound/Swiss FrancFXCM

Description

Looking for the price to reverse around the 1.445-1.480 level, going for a continuation of the bearish trend.
We have a potential Cypher pattern completion, an AB=CD pattern, and some nice Fibonacci line ups.
If we brake the lows again the next resistance will come in around 1.27-1.28 something, so there are definitely some pips to be made here!

Trade closed: target reached

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