EverythingForex
Short

UPDATE #1: TRADE: GBPUSD: SELL@1.54810 Expanding Triangle (+171)

FX:GBPUSD   British Pound / U.S. Dollar
1083 1 33
Updating this trade idea, the SHORT from the completion of the expanding triangle and the completion of the leg 4 of the larger descending triangle has gone as expected so far and has already generated an unrealized profit of +171 pips so far. Price action is showing a continuation of the downward momentum.

The recent price action has also created a POTENTIAL Cypher pattern as well. Prices are descending along the the CD leg of this cypher . I am also placing my TP1 at the completion of this cypher . When prices reach the completion of the cypher , I will decide how much profit I will take off this trade if any as I am expecting that prices would eventually reach the bottom TL of the larger descending triangle to complete the leg 5 and also the POTENTIAL Bat.

*DISCLAIMER:
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!

If you like my posts and find them helpful, please take a second to hit that LIKE button and follow me so I can know my post was helpful to you. As always, any CONSTRUCTIVE comments are welcome whether AGREE or DISAGREE.
2018 Gold Guide & BIG report on Platinum! $198 Value. Subscribe to Commodities Package to get them FREE here: http://bit.ly/2AZWhx4
2018 Guide TO Forex Markets Coming Soon! Want it? Sign up to mailing list: http://bit.ly/2iNieEY
Thanks Good point
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out