Potential Bullish Cypher Pattern @ 1,3110

FX:GBPUSD   British Pound / U.S. Dollar
101 2 8
If we get down to 1,3110 before extending to the upside we have a completed Cypher .
Front run my order by 2 pips will make the entry above the even handle too.

This is not a signal, nor should you take this idea for anything but an idea. I am in no position to tell anyone what to do. I only want to create discussion, and to train my eye..
Comment: Pattern completed, but due to news. More news coming out. I am sitting on the sidelines.....
Wise decision ... have to wait last news release and let the market settle down and re-analyze afterwards ...
johan.larsson journeyofarookie2.0
I think so, yes. I was in a GBPNZD trade when the news came out. Got T1, but when news hit, I was stopped out on a dime.... hehehe you live and you learn.
+1 Reply
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