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
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out