tommyb35
Long

Bull Cypher On Gbp/Usd

FX:GBPUSD   British Pound/U.S. Dollar
There is a potential bullish cypher pattern that will complete at 1.43979 level. Now I will be looking to enter just above the 1.44000 even handle. This pattern presents a few different opportunities. For those that are strictly pattern traders, you can take your targets at the "T1 and T2" levels which are the .382 & . 618 retracement of the C-D leg. But if you are like me, you can use this as an entry reason on a trend continuation trade, and you can look for the "T3" level as a potential target. Either way, this is in my opinion a great opportunity.
boriology
9 months ago
how do you draw this pattern?
Reply
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