jrashaadtrades

Potential Bearish Cypher Setup

FOREXCOM:GBPUSD   British Pound / U.S. Dollar
After yesterday's post-FOMC Dollar slump, the GBPUSD could be setting up for this Bearish Cypher . It's a LOW PROBABILITY set-up, so I won't be placing any trades unless we see a definitive bearish candle within the next few days. Price action is now testing areas of supply, but retail sentiment is still short which indicates that price might continue to climb.
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