J_Graystone
Long

GBPUSD Potential Cypher Pattern @ 1.5480

FX:GBPUSD   British Pound/U.S. Dollar
220 4 7
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.
moneymaking
a year ago
Hey Graystone, great find mate. Hope this pattern gets completed. Love to trade cypher patterns, especially in the consolidation zone. Good Luck :)
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J_Graystone PRO moneymaking
a year ago
Yep, the cypher has an outstanding completion rate and success rate. Lets hope this one completes and gives us the chance to get involved
Reply
Looks good, like that support level
Reply
J_Graystone PRO Akil_Stokes
a year ago
It sure does. Lets hope we can get involved!
Reply
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