moneymaking
Long

GBPUSD: 2 CYPHER PATTERN WITH GREAT RISK TO REWARD ON [4 HR] !!!

FX:GBPUSD   British Pound/U.S. Dollar
566 8 12
Hello Traders,

Here we have 2 VALID BULLISH CYPHER PATTERNS, on FX:GBPUSD             and one of them has just been completed. I have color coded the targets and stops not to get everyone mixed up. The risk to reward on both of them is great. See the chart above for more details.

Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Thank you everyone for all the SUPPORT that you have given me so far, I truly appreciate it. Good luck everyone :)
Looks interesting, I think the timing is right for a retracement up.
+1 Reply
moneymaking IvanLabrie
a year ago
Hey mate, ya I think so too. Let's see how it play out. All the BET :)
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moneymaking IvanLabrie
a year ago
LOL, all the BEST, not BET :)
Reply
moneymaking
a year ago
UPDATE #1: Stopped out of 1st cypher pattern, looking forward to trade the bigger cypher pattern (green) !!
Reply
moneymaking
a year ago
UPDATE #2: Hey guys, just a heads up, we are getting hidden RSI bullish divergence, any structure broken to the upside, could give nice long opportunity :)
snapshot
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moneymaking
a year ago
UPDATE #3: Stop loss hit for the bigger cypher pattern. All positions are now CLOSED for this setup.
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TahirAli moneymaking
a year ago
Hi moneymaking,sorry to hear that you got stopped out twice in this trade.Hope in the next trade you will cover these losses.Best of luck.
Reply
moneymaking TahirAli
a year ago
Hey mate, yeah it sucks to lose but I accepted it quiet well. I was winning quiet few trades and I was very much likely expecting a loss to come soon. I still trust in my trading plan for cypher's and will continue to trade it just like it is. Thank you mate, appreciate your comment :)
+1 Reply
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