11021992
Long

GBPUSD bullish cypher pattern

FX:GBPUSD   British Pound/U.S. Dollar
3 months ago
Hi traders,

On the GBPUSD             can see a potential cypher pattern forming. Completion is at point D. The original entry for this pattern is at the 78.6% Fibonacci retracement, but I like to use the 88.6% Fibonacci retracement, because of the larger R:RR. Target is based on previous structure.
Entry: 1.29031
Stop: 1.28225
Target: 1.30608 = R:RR 1.96

Good luck! Updates will follow.
3 months ago
Order cancelled: The C leg has closed beyond the 141.1% Fibonacci extension, so the pattern is no longer valid. Entry deleted.
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