dionvuletich
Long

GBPUSD Playing the Range

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
38 0 5
Cypher completed, but there have been numerous patterns in this range, this is where harmonics work very well
Currently there is a small green candle at support with a completed Cypher pattern and oversold stochastic

if the green candle closes bullish today it will offer a low risk long entry and 2.7:1 to the first target
If it manages to break the upper channel trend line it is very possible it may close the gap at around 1.3650 which would be a potential 9.5:1 which would be nice for ~650pips

We will see, but I'm bullish gbpusd             and do not think this corrective phase is over just yet
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