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