tommyb35

Two Patterns, One pair

Long
FX:GBPUSD   British Pound / U.S. Dollar
Got two potential bullish patterns setting up on the Gbp/Usd. There is a bullish cypher pattern (my personal favorite) that will complete at 1.29840 and then a bullish bat pattern which will complete at 1.28657. Even though the cypher pattern is my favorite pattern to trade, I will not be taking this one. Risk/Reward always comes first for me, so I will be waiting for the bat pattern. Capital preservation is far more important to me than potential profits. How you decide to trade, is up to you. Either way, trade your plan and good luck!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.