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UnknownUnicorn180388
Nov 23, 2015 8:00 AM

GBP/USD - Bullish Cypher Pattern Long

British Pound/U.S. DollarFXCM

Description

On the GBP/USD 4h chart we have a potential long opportunity at the D leg completion of a Cypher Pattern.

The price reversal zone on this Cypher Pattern setup is between 1.5092 & 1.5028
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.

Potential targets for the Cypher Pattern are placed at the .382% and .618% retracement of the C to D move.
Stop loss would be placed below X leg structure support.

Website.
UKForexSignals.com
Comments
TimBrent
i am long ^^ thanks for this chart it matched my rules after the news
UnknownUnicorn180388
Great work,
Best of luck.
TimBrent
are you in too, or do you wait for some sort of conviction?
UnknownUnicorn180388
I am not no, yes there are other things I wait for, the pattern completion is just more confluence
Evert_
Thanks Tom
UnknownUnicorn180388
No problem at all.
Josphat89
Great idea Tom..Like always
UnknownUnicorn180388
Thank you very much.
pyramids_Forex
I like your patterns thank you Tom
UnknownUnicorn180388
Thank you very much
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