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UnknownUnicorn180388
Feb 8, 2016 10:52 AM

GBP.CHF - Bullish Cypher Pattern 1.4258 Long

British Pound/Swiss FrancFXCM

Description

On the GBP.CHF 4 hour chart we have a potential long opportunity at the D leg completion of a Cypher Pattern

The price reversal zone on this pair is between 1.4258 & 1.4135
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.

1.272% - 78.60% Fibonacci confluence

Potential targets for the Cypher Pattern placed at the .382% and .618% retracement of the C to D move.
Stop loss would be placed below X leg structure support.

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Comments
aspmgobhozi
Stop Loss hit
UnknownUnicorn180388
You should make sure your stop loss exceeds the X leg
DucThanhBui

Hit SL
UnknownUnicorn180388
D leg completion, this trade is now live.
vikiaimy
Nc. I admit
UnknownUnicorn180388
Let's see if we can get a D leg completion :-)
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