najibmulik
Long

gbpusd cipher pattern..

FX:GBPUSD   British Pound/U.S. Dollar
195 2 3
I WILL BUY AT 1.5200 (A PSYCHOLOGICAL HANDLE) WITH SL 1.5140 AND TP 1.5400
fash
a year ago
I don't trade patterns but I think a cypher pattern's C leg shouldn't extend beyond 1.414 of X-A...this makes the Cypher obsolete... however it could be a 'Shark pattern' as the C leg extension is within the 1.13-1.618 projection. In this case u need to revise your buy from the .786 to the .883 to 1.13...Hope this helps, good luck with this trade :)
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fash
a year ago
I meant .886, NOT .883
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