russelldaily
Long

Big Cypher Pattern Completion...But...

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
228 0 3
Yes, we have a cypher pattern completion but I'm not an advocate of setting hard entries on any pattern completion except the alternate bat pattern. As we can see, price has slipped past the .786 completion. I would wait for confirmation price wants to reverse. There is plenty of time to wait for confirmation and still have a good R/R ratio on this large pattern.
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