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
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
