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!
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.
