TomHall

GBP/USD - Bearish Cypher Pattern

FX:GBPUSD   British Pound/U.S. Dollar
1007 9 21
On the GBP/USD             1h chart we have a potential short opportunity at the D leg completion of a Cypher Pattern .

The price reversal zone on this pair is between 1.5099 & 1.5126
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.

Potential targets for the Cypher Pattern placed at the .382% and .618% retracement of the C to D move.
Stop loss would be placed above X leg structure resistance.

Website.
www.UKForexSignals.com
Website: www.UKForexSignals.com
Instagram: www.Instagram.com/UK_Forex_Signals
Instagram: www.Instagram.com/Tom_Hall_Official
Twitter: www.Twitter.com/Tom_H_Official
DenizBartu
a year ago
Nice job but i would like to ask something. Here BC leg is even more than 1.618 of AB. Am I doing wrong or is there an exception here? By the way many thanks for your Gartley,Bat and Cypher Pattern explanations. I learned a lot.
+1 Reply
TomHall TOP DenizBartu
a year ago
Hi,
The C leg is calculated with your Fibonacci extension tool taking it from X to A and back to X again.
The C leg must complete between the 1.272% and the 1.414%
I hope this has answered your question, if not contact me again.
Reply
DenizBartu TomHall
a year ago
I added -27.2 and -41.4 levels to retracement tool. Helps me to use one tool everywhere. But I got the idea thanks a lot. Now I see your cypher pattern here is perfect. Good luck.
+1 Reply
TomHall TOP DenizBartu
a year ago
Great work, you too.
Reply
Neill
a year ago
Hi Tom, good trade well done.
+1 Reply
TomHall TOP Neill
a year ago
Hi Neill, Thank you.
Reply
cash0032
a year ago
Tom, can we expect a pullback? Or a continuation of the downward trend?
+1 Reply
TomHall TOP cash0032
a year ago
On all time frames price has now broken through strong trend lines.
Short term we will have a minor pullback as sellers take some profits, but longer term I see a bearish move from here.
Reply
DerekUweri71
a year ago
Excellent work Tom. I totally missed this because I was focussing on a potential Shark pattern forming.
snapshot
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out