tommyb35
Long

Two Patterns, One pair

FX:GBPUSD   Pound Sterling/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!
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