GBPUSD Potential Cypher Pattern @ 1.5480
looking like a nice Cypher Pattern forming on this pair. If we can get completion down at 1.5480, this will present a good opportunity to get long.
Placing stops below 1.5470 MINIUM although those of you who use ATR based stops or 1.13 Fibonacci extension stops, this will give you more breathing room and allow stops to be placed below previous structure AND the 1.5400 even handle.
There are some nice Bull protective wicks at previous structure which is usually a good sign that bulls are likely to protect that zone again.
Both GBP and USD news out tomorrow so we can hopefully expect some movement on this pair.
Good luck n the markets.
Placing stops below 1.5470 MINIUM although those of you who use ATR based stops or 1.13 Fibonacci extension stops, this will give you more breathing room and allow stops to be placed below previous structure AND the 1.5400 even handle.
There are some nice Bull protective wicks at previous structure which is usually a good sign that bulls are likely to protect that zone again.
Both GBP and USD news out tomorrow so we can hopefully expect some movement on this pair.
Good luck n the markets.
