tntsunrise
Long

GBPUSD DAILY CYPHER PATTERN

FX:GBPUSD   British Pound/U.S. Dollar
8518 28 161
GBPUSD             DAILY CYPHER PATTERN
WITH TREND LINE SUPPORT

The pattern just completed today.
It's good to buy gbpusd             in lowertime frame
and aim for a big reversal

Sl below X
Trade closed: stop reached: Stopped at 1.2840, due the speaks of the England govener
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jack i think it is to dangerous to go long now, tomorrow is FOMC, most likely there will be no rate hike, and the USD will go up. meaning GBP will go down futher.
+1 Reply
if no hike the rate means usd go down
+11 Reply
mattmatt888 tntsunrise
election year, 1000% they wont do it!....earliest will be dec.
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hey Jack; u have Euro going down and GBP going up... with FOMC coming up; wouldn't they go in the same direction?
+1 Reply
tntsunrise TOP alan_watch
which means i am short EURGBP
+3 Reply
alan_watch tntsunrise
I see so it's kind of a hedge since ur already in profit for EURO! thx for the reply! despite ur timezone being late at night!
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tntsunrise TOP alan_watch
yeah. its true. maybe both trade will win.
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Hello Jack. I am short on audusd. What do you think Will happend with that short?
+6 Reply
thanks alot Jack
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Thanks Jack
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Thank you Jack !
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Dguaman Dguaman
is this trade active now :D
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Hi there where best to trade ahead of FOMC
Thanks
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Well done, Jack. But i think the price may test the 1.305 trend line and might turn down there?
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Calamity Calamity
oh it didnt , the larger timeframe well supported it. well done
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there is problem in c point.please check it again
+1 Reply
is going very well ! :D
+1 Reply
Wow ... Any updates? .. hmm
+2 Reply
Jack , is GBP now forming a hourly reversal pin bar? I am confused with daily pin bars most of times, because i realized there are different daily close price if i use different forex broker.........
+1 Reply
Calamity Calamity
hmm, it has failed to close as a reversal pin bar.....1.28, 1.27 is on the way...... i just opened a short position
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Trendhopper Calamity
Price can reverse without a pin bar and often does...pin bar is just added confirmation....I think we will see a bounce up personally and this support will hold for now, not as strong as previous bounce but still a bounce...a better guide for the bounce is the GBPJPY chart as it is has a very clear descending triangle pattern so each high is getting lower...all the GBP pairings reversed/hit support at the same time friday so they are all synchronised so other GBP charts will give you clues on GBPUSD future moves...
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Calamity Trendhopper
Thanks, but you did not answer my question. I am not asking you to tell me to short or long GBP, my initial question was asking the difference of closing prices. And it make 0 sense if im right this time with this short position, i want to know the technique.

and if you go wrong with 1 chart you go wrong with all of them, so your idea of comparing other GBP charts is not valid.
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updates? ..
+2 Reply
Could you please provide update on this trade?
+2 Reply
SL hit? ..
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Hi Jack
Do you have any new idea about this pair?
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tntsunrise TOP habibzafari14
MAY TEST THE PREVIOUS LOW
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Can you update your current view on GBPUSD as the low price indicates to buy. Please need your idea.
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