EverythingForex
Short

GBPUSD: POTENTIAL Bullish Cypher May Signal Small Retrace Now

FX:GBPUSD   British Pound / U.S. Dollar
There is a POTENTIAL bullish cypher setting up now. This cypher may signal for a small retracement of the recent move up.

If you can see my wave count, the recent move up could be complete at 1.58268and now will head down for a bit. If it does complete the cypher , that will be another good entry point for another LONG position for the wave c (pink line).

Wave c is the third leg of the abc pattern and is also the CD leg of the bat pattern (blue). Wave c will unfold in 5 waves with the current move up being only the 1st of the 5 waves. The cypher could be the wave (ii) of the 5 waves. So when that finishes, we're possibly looking at a wave ( iii             ) which of course, is the wave that presents the most opportunity for profits.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 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