FIBSII

GBPUSD 4H Cypher!

Long
FX:GBPUSD   British Pound / U.S. Dollar
We have just been entered long in a Bullish GBPUSD 4H Cypher pattern formation. Not a bad Risk Reward for a Cypher too. The potential problem with this one is the size, were looking at over a 150 pip stop loss.

Have recently put in a nice pair of candlestick formations at our X completion, suggesting there is at least buying pressure. This pattern is also nice as it conforms with the recent momentum shift towards the upside.

Will be keeping an eye on it next week to see the outcome,
Fibsii Team.