GBPUSD: 1HR Potential Bullish Bat & Cypher Patterns

FX:GBPUSD   British Pound / U.S. Dollar
Two potential patterns here on the Cable this morning. A potential bullish bat pattern in blue and a potential bullish cypher pattern in pink. Both should be tradable unless you’re using a massive stop loss for the bat pattern . In that case it’s best to choose one over the other beforehand so that you don’t get yourself into a potential revenge trading situation. Obviously make sure you follow your rules as far as what you trade and how much you’re allowed to risk per trade. I know for me the cypher pattern doesn’t meet those standards so if price action moves down there I’ll need to look for an alternate reason for entry. Most likely using the CTS             or Combined Technical Score type of analysis (a point system/checklist for evaluating trades).

Something to keep in is that this is a very heavy news day with USD & CAD CPI             releases at 8:30am Also the Michigan report as well at 10am.

If you didn’t catch it last night here’s a link to my Weekend Review video, where I review where I walk you through the USDCAD             trade from earlier in the week as well as discuss what I believe are the best times, days & months to trade. I’ve set out a goal to reach 10,000 subscribers by the end of summer so it would be MASSIVE if you guys should help me out by subscribing to my channel and spreading the word. *I apologize for the ads in this week’s video but that’s what they do when you use actual songs instead of free youtube music I guess*

“A Controversial Trade/The Best Time to Trade” https://www.youtube.com/watch?v=noqQm-zSCP8

Anyway have a great end of the week and an even better weekend!

Akil Stokes
Chief Currency Analyst
Akil@Tradeempowered.com /@AkilStokesRTM / Forex Weekend Review Videos:
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I am expecting a bullish move after the trend break and close above the flag in 1H chart
Thanks Akhil , One more good one from you, i have similar ones and watching it closely.
+1 Reply
Also there is a possible bat D leg completion on the 4H, X point 1.5923ish
Appreciate it, i'm bullish but with tight SL at 1.543. Maybe too tight as i didn't consider this move.
+1 Reply
Akil_Stokes MaverickPerry
Remember these are just predictions, doesn't mean they will occur so I would not change what you're doing base on a "potential pattern"
Hey! we posted the same ideas! Even used the same colors which is slightly strange!
+1 Reply
Akil_Stokes J_Graystone
Are you watching me hahaha
+2 Reply
J_Graystone Akil_Stokes
Luckily I posted mine Earlier so you cant say I copied you! LOL ;-)
+1 Reply
Akil_Stokes J_Graystone
you got me then
+1 Reply
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