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johan.larsson
Aug 3, 2016 8:30 AM

Potential Bullish Cypher Pattern @ 1,3110 Long

British Pound/U.S. DollarFXCM

Description

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.....
Comments
UnknownUnicorn300837
Wise decision ... have to wait last news release and let the market settle down and re-analyze afterwards ...
johan.larsson
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.
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