Andy_Parrish

GBPUSD 15M - Potential Cypher Long & Bat Short Patterns

FX:GBPUSD   British Pound / U.S. Dollar
29 0 0
Hi all,

There are 2 potential patterns forming up on the GBPUSD             15M. A Cypher long @ 1.4404 and a Bat short @ 1.4527.

For the Cypher Long @ 1.4404:
Stops below X (which is at 1.4382)
Target 1 @ 1.4432
Target 2 @ 1.4450

For the Bat Short @ 1.4527:
Stops above X (which is at 1.4546)
Target 1 @ 1.4472
Target 2 @ 1.4438

Remember to make sure these fit your plan and your position sizing is accurate as the stops are quite large on the Bat.

As always, targets will be adjusted should the patterns fill.
Trade active: The cypher turned into a Bat long overnight but the invalidated. However the Bat short filled and hit Target 1 for +54 pips.
Trade is still active looking for Target 2.
Trade closed: stop reached: Target 2 stopped out for break even.
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