GBPUSD Back at Structure

FX:GBPUSD   British Pound / U.S. Dollar
This is a trend continuation trade on the GBPUSD             . We've made a serious down move off the weekly structure resistance area I outlined a couple weeks ago. There could be some additional downside and this gives me some excellent risk/reward
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Nice trade
@Jason_Stapleton Do you know of any tutorial teaching how to apply cypher patterns? : )
Friend, you can subscribe Jason and Akil's youtube channels at https://www.youtube.com/channel/UCe3O5ZLxQzGz4-nfl6XLEHQ and https://www.youtube.com/channel/UCVveEks3MWZqOsvzTF_LGQg and watch previous and current videos. Not only cypher but also get many relevant vedeo.
+1 Reply
verakas Sandeep_Gupta
Thanks Sandeep_Gupta for your reply!
Ok for those of you who took advantage of this move we are well into profit. Consider moving up your stops to protect you from a loss. Stops to BE might be a good idea.
+2 Reply
kenji Jason_Stapleton
cool, thanks jason. i had made profit out of your trade idea.
Do you know of any tutorial teaching how to apply cypher patterns?
Hey Jason, do you see the $CBPUSD coming back down after that massive spike?
pavan15589 redric83
No..!! I personally don't think so (I got stopped out)....The pair will move up and test 1.70000... Lookout for the right shoulder formation at the level though for a bearish reversal pattern....
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