Fxprotrader
Long

GBPUSD Pending Bullish Cypher Pattern

FX:GBPUSD   British Pound/U.S. Dollar
Our last attempt trading GBPUSD             we were stopped at breakeven when price collapsed after the news released. Now most likely the upcoming week, if price continues it's sell off we may have a bullish cypher completion with D point at a slide parallel of a descending median line set.

It may not complete at the exact zone i have drawn in the chart, but watch for that 0.786 fib level close to the trendline .
If we have the completion i will update with stoploss and profit targets.

Like and follow for updates...
Gbp when bullish
Reply
GBPUSD, 120 LONG

May I know what does 120 indicate?
Reply
Very cool chart. My cypher pattern show me to enter near 1.305XX
Following :)
Reply
Thank you :)
Reply
I had the same thought, promising setup ,thanks
Reply
Fxprotrader redalioui
You are welcome
Reply
Wow Nice chart, so first short then long? or just waiting for go long.. thanks !
Reply
Dguaman Dguaman
I think that a short from 1.3050 to 1.2960 could be good >.<
Reply
In the middle of an impulse? We may have a pullback before keep falling. With a wide stoploss it may be ok
Reply
Dguaman Fxprotrader
So i must be much better if i sold now Sir? .. or better just wait for the long position? Thanks
Reply
United States
United Kingdom
India
Deutschland
España
France
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 Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out