Urbandj

Current Shorter Term Ideas for GBPUSD

Short
FX:GBPUSD   British Pound / U.S. Dollar
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2
A Bearish Bat has presented itself at market imo, however be mindful that the market is more erratic than usual due to the recent FOMC rate rise and statement.

If the Bat does fail, a Bearish Cypher also has also presented itself as an opportunity, which I will be watching closely.

Good luck trading!
Comment: Just to update

Targets at 38.2 and 61.8 respectively and SL at 1.113 extension.
Trade active
Trade closed: stop reached: SL got hit on the smaller Bat pattern trade.

Though the market pushed up towards the bigger bearish Cypher pattern, unfortunately the market decided to reserve within a couple pips of me entering the trade. Frustrating yes, though the market direction prediction was correct.

On to the next trade!
Comment: Cypher entry cancelled

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