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!