FX:GBPUSD   British Pound / U.S. Dollar
3
If the market can close under 1.41070 then a valid Bat and Cypher pattern completion is present lower. For me, the Bat gives a better risk reward profile. My risk adjusted entry for the Cypher would close to the Bat anyhow. The Cypher is excellent confluence. Good luck trading!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.