TomHall
Short

GBP/USD - Cypher Pattern

FX:GBPUSD   British Pound/U.S. Dollar
1277 4 32
On the GBP/USD             1h chart we have a potential short opportunity at the D leg completion of a Cypher Pattern .

The D leg completion comes in at a nice resistance level which had been tested multiple times.
PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.

Potential targets for the Cypher Pattern placed at the .382% and .618% retracement of the C to D move.
Stop loss would be placed above X leg structure resistance.

Website.
www.UKForexSignals.com
Website: www.UKForexSignals.com
Instagram: www.Instagram.com/UK_Forex_Signals
Instagram: www.Instagram.com/Tom_Hall_Official
Twitter: www.Twitter.com/Tom_H_Official
fxstraderomi
a year ago
have bought pound for the target of "D" as per your charts
Reply
DRK
a year ago
snapshot

do u think it will go up on trend line break. ???
+1 Reply
TomHall TOP DRK
a year ago
Hi DRK,
It would all depend on how you draw your trend lines, on some trades charts this has already broken the trend line.
The Patterns are based on other indications, however it shouldn't matter if it does or does not hit our D leg completion as long as we are aware of it and know what to do when it hits this area.
+1 Reply
DRK
a year ago
thanks
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out