Ahmed-J
Short

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.

Ahmed,
Founder,
Pro Trading University
well,iagree with you
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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.
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The point C closed at below 141% of XA. So is it still a valid Cypher?
Reply
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:
https://www.youtube.com/watch?v=9y-QYNrMrHA
Reply
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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