FX:GBPUSD   British Pound / U.S. Dollar
Price has pushed beyond the B-leg to hopefully complete a bearish Cypher pattern.
The market is generally trading downwards on this pair, which gives me even more confidence on this one as it is in the direction of the underlying trend.
Order cancelled: As price still haven't reach my entry, I cancelled my order due to NFP.
I might put it on again after NFP if the Cypher is still valid, but I doubt that it will be. :)
Better safe than sorry.
Comment: NFP didn't move price as massive this time, so I've put my pending orders back on.

Comments

I'll wait to short the next 4H bar, IFF it'd unable to stretch up to here: 1.517761
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moorekapital moorekapital
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Kjetil_Johannesen moorekapital
Thank you for sharing your view. :)
What is your strategy on this?
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moorekapital Kjetil_Johannesen
check my chart, and updates
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Kjetil_Johannesen moorekapital
Thanks.
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