razote

GBPUSD Bullish Cypher Pattern

FX:GBPUSD   British Pound/U.S. Dollar
143 3 4
There is a bullish cypher pattern completion at a previous support. This would give a better chance that the pattern will be profitable.

You can also sell when the price can reach the take profit 2 of the pattern. Since I believe that the overall trend is bearish . Take profit 2 coincides with a previous support and resistance and would be a good place to sell.

For detailed analysis,
http://www.razoteforex.com/2015/11/23/gbpusd-analysis-nov-23-2015/
What about this?
GBPUSD: SHORT NOW OR WAIT. BUT USE THE CORRECT STOP
Reply
moorekapital moorekapital
And this....?
snapshot
Reply
razote moorekapital
Hi moorekapital! Thanks for your feedback.

Actually if you check my link, I am bearish on this pair also. But I am not currently short right now. I am waiting to see that the price retrace up when the pattern completes. That is when I will sell.
+1 Reply
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