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
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GBPUSD, 120 LONG

May I know what does 120 indicate?
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Very cool chart. My cypher pattern show me to enter near 1.305XX
Following :)
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Thank you :)
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I had the same thought, promising setup ,thanks
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Fxprotrader redalioui
You are welcome
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Wow Nice chart, so first short then long? or just waiting for go long.. thanks !
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Dguaman Dguaman
I think that a short from 1.3050 to 1.2960 could be good >.<
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In the middle of an impulse? We may have a pullback before keep falling. With a wide stoploss it may be ok
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Dguaman Fxprotrader
So i must be much better if i sold now Sir? .. or better just wait for the long position? Thanks
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