AdamReid

Bearish Cypher At Structure Zone

Short
FX:GBPUSD   British Pound / U.S. Dollar
A trend continuation trade lining up on the GBPUSD with a bearish cypher pattern presenting itself as an entry method. The advanced patterns D completion point comes in at previous structure which has been tested numerous times giving us a stronger reason for getting short. First targets here could be at a retest of the structure lows looking for the fib extension or structure again for target twos.
As always we're aware of the GBP's bank rate news etc that is released tomorrow.

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