Fxprotrader
Long

GBPUSD: Bullish Cypher Completion At Lower Parallel

FX:GBPUSD   British Pound / U.S. Dollar
Price has completed a bullish cypher pattern after a massive drop but i believe price may drop a little more probably to the lower parallel of a schiff median line set. In this scenario the pattern will be still valid but will offer a much better risk/reward ratio. RSI is oversold which adds to our tought of going long.

Likes and comments are always welcome. Follow for updates..!
Sl hit?
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Yes sl hit but at breakeven. Price reached a 1.5:1 before dropping
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Dguaman Fxprotrader
yeah same to me, i tp and then i move the 50% at breakeven too :D
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That's a nice strategy :)
+1 Reply
I bought at 1,2980 =) let see how far we go with this call :D
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Ok good luck
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Dguaman Fxprotrader
isnt active for u ? or u just forgot to update this call? ..
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We are getting really close to our entry point !!! com`n :D
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Forexstudent4 Forexstudent4
Are we on all time bottom?
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