Hello traders, here we have a potential cypher on the pair with a very good R;R since the present price is close to the X point than the 786 entry level. There is some issue with the BC extension but i still consider this pattern to be valid. Also we have a nice structure and trendline on top along with a MACD Diversion.
I am only targeting the 382 level because i do believe that this is just going to be a minor correction and the trend is very much up for the gbp
Cheers
I am only targeting the 382 level because i do believe that this is just going to be a minor correction and the trend is very much up for the gbp
Cheers
Comment:
stops at the 1.467 level for the bearish cypher