Oztrade

GBPUSD - DAY CHART BEAR CYPHER GARTLEY - BULL GARTLEY

FX:GBPUSD   British Pound / U.S. Dollar
36 0 0
Hi All, some more Advanced             patterns on the Radar. I will be watching these over the next few days/weeks, we have had completion for Cypher One In May then again in June along with Completion of Cypher 2 In June. Based on Technical Analysis and also with the USDCAD             proving that these patterns respect these levels and many traders coming in late after pattern completion of the D Leg and noticing the C Leg has not been violated they tend to place orders with so many orders being at these levels the price action bounces off providing us more opportunities. I will not place the trade because its not in my portfolio and also because of the recent Structure In Down Trend Where the X Legs are. Both Previous Cypher completions shows a change in trend as we have seen a break in structure. NSH's I will be watching for any signs that the price respects these levels when we get closer. Showing RSI O/B or possible DT for entry. In HTF             I also performed some analysis that appears this pair will continue upwards. Just thought to run some analysis on a few pairs I don't trade and provide some insight. If this were me I would look for the best possible chance to hit this pattern and then counter trade with a possible pattern completion or a structure based move and ride this up Longer Term to 1.62's . LTF Traders It has been a pair that looks very consolidated UP Sideways UP Sideways - Down Sideways Up Sideways Down Sideways Down UP. This Pair has done nothing really since Mid July unless you are a consistent Trend and Counter Trend Trader and maybe get a couple of Advanced             Patterns as well in LTF. Happy Trading
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