UnknownUnicorn101425

GBPUSD potential Bat and Cypher patter trend continuation trades

Long
FX:GBPUSD   British Pound / U.S. Dollar
Here we got two patterns, first a Bat pattern that comes in first with the 4hr trend to continue up if we get a small retracement, if that goes more south we should be able to catch price down at the Cypher pattern entry at strong support to get a continuation that way. In every case we like to see a overbought RSI and i would take both trades. The R:R on the bat is so good they are allways worth taking, and if that fails we take the cypher at support that got a very high completion rate.

Comments good and bad are welcome

Kind regards
Thomas Jeff
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.