FX:GBPUSD   British Pound / U.S. Dollar

almost completed bullish cypher pattern on gbpusd .

Entry - 1.2675

Stop - 1.2640

Target 1 - 1.2710
Target 2 - 1.2725
Comment: Pattern is not completed
Comment: Target 1 reached
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Unfortunately you didn't pay attention to geopolitic matters and a tough support break
you mentioned divergence , but it didn't work properly , because that was not a major pivot and that's why you could only touch your first TP
add more price action to your trades
that will help alot
Wish you Luck bro!
Reply
@shahab_kd, thank you! But I never take into account geopolitics
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shahab_kd VasilyPonomarev
@VasilyPonomarev, and that's why you missed this sweet profit

start to use it !
i know technical is good , but we want more powerful gun in this market !
in my opinion , you better start to use fundamentals and geopolitics in your trades

anyway , wish u the best

Reply
@shahab_kd, ok, thank you!
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your XA leg is interrupded by a retracement which is larger than AB leg in terms of time and as big as AB leg in terms of price. This breks your XA leg into three swings which is a mistake.

Congrats on target taking. Although, price never hit the 1.2710 level (max was 1.27074), closing tp at the level gives better results than waiting for price to go through the level.
Reply
VasilyPonomarev Alexander_Nikitin
@Alexander_Nikitin, hey Alexander, thank you for letting me know you rules for the XA leg.
I check your channel quite often and I see that since your past videos about identification of a swing you have changed your rules couple of times and on trading view your patterns many times based on weak XA legs.

Also, for target taking I use your rule of target adjustment, I found it on one of your YouTube videos and apply it constantly with harmonic patterns.
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