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
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 :)
Reply
I meant .886, NOT .883
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out