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.

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JamesCh
4 months ago
same idea... thank you
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Fxprotrader PRO JamesCh
4 months ago
Great, you are welcome..
Reply
Dguaman
4 months ago
Wow Nice chart, so first short then long? or just waiting for go long.. thanks !
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Dguaman Dguaman
4 months ago
I think that a short from 1.3050 to 1.2960 could be good >.<
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Fxprotrader PRO Dguaman
4 months ago
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
4 months ago
So i must be much better if i sold now Sir? .. or better just wait for the long position? Thanks
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Fxprotrader PRO Dguaman
4 months ago
It's up to you.. I will personally wait to buy..! Good luck :)
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Dguaman Fxprotrader
4 months ago
So do I ! thanks
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Fxprotrader PRO Dguaman
4 months ago
Ok ;)
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redalioui
4 months ago
I had the same thought, promising setup ,thanks
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Fxprotrader PRO redalioui
4 months ago
You are welcome
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macfuad
4 months ago
Very cool chart. My cypher pattern show me to enter near 1.305XX
Following :)
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Fxprotrader PRO macfuad
4 months ago
Thank you :)
Reply
TanSY
4 months ago
GBPUSD, 120 LONG

May I know what does 120 indicate?
Reply
JagtarSinghDigpal
4 months ago
Gbp when bullish
Reply
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