ThomasJeff_DCM
Short

GBPUSD Potential bearish Cypher pattern

FX:GBPUSD   British Pound/U.S. Dollar
Here we got a Cypher pattern , with trend and RSI over bought... Thats all fine, the problem is i am in a bullish position right now on this pair on a Bat patters half way to target, so should we take this trade? Hedging your own trade? Well my rules says i have to take the trade when it meet my rules.

For every body else its a very good trend continuation trade after a spike retracement from news.

Comments good and bad are very welcome

Kind regards
Thomas Jeff
Ladies and gentlemen the trade against ourself worked out, so now we move stop on the original bat trade to break even, in that way we banked 53 pips and is on zero rish on the original trade, so that becomes a win win situation.. i like those situations.. =D
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ThomasJeff_DCM ThomasJeff_DCM
Well now we won on both the bat and this original Cypher so its 251 pips all in all with these two trades.
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korhancakir ThomasJeff_DCM
Comments good : congrats! :)
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ThomasJeff_DCM korhancakir
Thanks, long time no see. How is the backtesting going?
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