LewisGlasgow
Short

GBP/USD - Bearish Cypher

OANDA:GBPUSD   British Pound / U.S. Dollar
Hello traders, it appears GBP/USD             has formed a bearish cypher pattern on the 1h chart. This is an excellent opportunity with a potential 150+ pip return!

The measurements for a valid cypher are detailed below.
B: 0.382 - 0.618
C: 1.272 - 1.414
X to D: 0.786

I hope you all have a great week :)
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stop again.....
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@Walentine, you seem to be searching for these deliberately? It's up to you to manage your own positions, if you trade during high impact news it's your own fault for taking such losses... 3 other positions are running in 150 pips profit.
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Walentine LewisGlasgow
@LewisGlasgow, I will wait...
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actually i mean it already pull back to 1.236 which is 382 , should go straight up to 1.277 after tiny adjustment
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break out pullback, buy at 382
+1 Reply
test D twice , So good.
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LewisGlasgow MongkolchaiPetruecha
@MongkolchaiPetruecha, I'm waiting for more confirmation to take the trade... But it does look good!
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depinz LewisGlasgow
@LewisGlasgow, It does not seem to want to go down!
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@depinz, we're not looking to trade this pair, we were trading against the dollar this week... This was just a potential setup.
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depinz LewisGlasgow
@LewisGlasgow, Ok got it thanks!
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