Aleksandar_Rose

Bearish Cypher on GBPUSD with extended targets

Short
FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD is in a clear bearish trend on 15M, and market gave me a potential entry in order to hop on that bearish trend .
Market is forming a potential bearish Advanced Harmonic Pattern - Bearish Cypher , that is perfectly aligned with the bearish trend .
Since we are in an establish trend with no recent structure level to the right I'll go for extended targets(retest of NSL and I will trail my 2nd position), with stop above current pullback.

Here are the Entry, Stop and Target Levels:

Entry @ 1,2940
Stop @ 1,2960
Initial Target 1 @ 1,2900
Initial Target 2 @ 1,2850


Good Luck!

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