TomHall
Short

GBP.USD - Bearish Cypher Pattern 1.4600

FX:GBPUSD   British Pound/U.S. Dollar
On the GBP.USD 1hour chart we have a potential short opportunity at the D leg completion of a Cypher Pattern

The price reversal zone on this pair is between 1.4600 & 1.4663
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.

D leg completion at a strong psychological number 1.4600

Potential targets for the Cypher Pattern placed at the 38.20% and 61.80% retracement of the C to D move.
Stop loss would be placed above X leg structure resistance .

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IDEAL
11 months ago
agree..... Thank you
+1 Reply
TomHall TOP IDEAL
11 months ago
No problem, have a good day.
Reply
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