Cypher - GBPUSD - Bearish

FX:GBPUSD   British Pound / U.S. Dollar
Hello traders, This is Ahmed from Pro Trading University.

I tried to short this pair yesterday based on a trend following play, but that didn't work out. I am shorting it again right now based on a cypher pattern . In trading, it will really help if you have a short term memory, lol. I mean you might want to skip this trade because just 1 day ago you tried to short it and it didn't work out. Well, if you have a short term memory and don't remember yesterday's loser then your life will be so much easier.

Pro Trading University
well,iagree with you
Do you think the roundness of 1.5000 could act as a resistance? That's where I set my targets simply for psychological reasons. The price had no problem piercing right through it during the rally.
The point C closed at below 141% of XA. So is it still a valid Cypher?
Ahmed-J Shaior
In my broker it closed just above the 141% so it's a valid cypher for me at least
I did a great video going over the rules of the cypher, check it out if you are interested:
Shaior Ahmed-J
I am following FXCM and it closed below 141%. So, it is clearly different from broker to broker, we don't have nothing to do here. I know the pattern rule and i already saw your youtube video earlier this week. Thank you very much for your presentation and nice video indeed.
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