11021992

GBPUSD TWO POTENTIAL ADVANCED PATTERNS

FX:GBPUSD   British Pound / U.S. Dollar
138 2 10
Hi traders,

On the GBPUSD             I am looking at two potential patterns forming. The red one is a bat pattern and the blue one is a cypher pattern . Both of them complete at point D.

---------Bearish bat patten---------
Entry: 1.34385
Stop: 1.3532
Target 1: 1.33044 = R:RR 1.4
Target 2: 1.31570 = R:RR 2.91

---------Bullish cypher pattern---------
Entry: 1.2902
Stop: 1.2765
Target 1: 1.31108
Target 2: 1.32017

Will keep this updated as time progresses. Best of luck!
Comment: Red bat pattern is now invalid.
Order cancelled: This pattern is taking forever to complete.
Order cancelled on the blue pattern as well.
Reply
Red pattern is invalid. Price went beyond A.
Reply
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