0.618
Long

Completion of Bullish Cypher from March Low

FX:GBPUSD   British Pound / U.S. Dollar
117 0 0
Heres an idea for lower time frame moves if people are thinking of a reversal from a bullish cypher on the Daily.
Currently price is driving down with some divergence on lower time frames and will be completing a Bullish Butterfly / Deep Crab on the 30 min chart.
Pros:
The D point is aligning with the larger pattern at an . 886 retracement / Its also at a 2.27 XB time extension for the big Cypher* / Also completing a AB=CD at the 1.65398 Level/ Also at 0.618 Time of XB if Measured from C ( July high )

* - sorry on my label I mis identified it as AB
Cons:
Its a strong down trend !

Ps I'm just paper trading at the moment so any thoughts or arguments please let me know! Thanks and happy analysis :)
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