TomHall

GBP/USD - Cypher Pattern

FX:GBPUSD   British Pound/U.S. Dollar
1378 6 38
On the GBP/USD             4h chart we have a potential short opportunity at a strong resistance zone .

As you can see price has surpassed the D leg of the Cypher Pattern , so now I feel it is necessary for price to hit 1.550 psychological number before looking short on this pair.

The price reversal zone is between 1.545 & 1.550 which is large, this is due to price narrowly touching 0.382 B leg, giving a much shorter D leg completion.
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.

Potential targets for the Cypher Pattern placed at the .382% and .618% retracement of the C to D move.
Stop loss would be placed above X leg structure resistance .

Website.
http://www.UKForexSignals.com

Learn To Trade The Cypher Pattern .
How To Trade The Cypher Pattern.
Website: http://www.UKForexSignals.com
Become an Affiliate: https://ukforexsignals.idevaffiliate.com
Instagram: http://www.Instagram.com/UK_Forex_Signals
Twitter: http://www.Twitter.com/Tom_H_Official
Facebook: http://www.Facebook.com/UKForexSignals
Had same for weekly analysis idea. Good to know you are in it too.
WEEKLY ANALYSIS (2nd Nov 2015) - GbpUsd
+1 Reply
GBPNZD reversal from highs 15m 2wk


I agree with GBP reversal; just different pair.
+1 Reply
Very good, I have a short lined up as well but purely based on the re-test of previous structure.
snapshot
+1 Reply
alex.a Nico.Muselle
Nico, What is the first indicator? The name is invisible ~
+1 Reply
That would be the ATR - 14 period, I use it to determine how far the SL should go above structure
+1 Reply
alex.a Nico.Muselle
I have more questions. I PM you.
+1 Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out