Daniel-Malik
Long

GBPUSD- CYPHER PATTERN FORMED

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
GBPUSD             formed the cypher pattern . Take a long position now .
Comment: 90 pips in profit !! cheers
already a few pips, TP1 soon :)
Reply
Hi Daniel , thanks for the idea. There is some sort - of harmonic pattern, for which D is plotted at .886 fib of XA. I think the PRZ will fit somewhere between your stop loss and D ( I like around 1.2850 as an entry area) . Targets 1 and 2 seem reasonable. I wondering if we could hold out part of the trade (at breakeven) to consider targeting C. I appreciate your hard work and sharing .... Cheers
+1 Reply
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