First three legs went smoothly... PA on leg CD its a little clunky... but the things is that we have very important news on both sides:
a) JPY Unemployment Rate, (today 6:30 pm EST)
b) CAD GDP (tomorrow 8:30 am EST). Forecast for this one does not look too good, so it might drive CAD down.
Numbers look like:
TP1: 85.287 (.382CD 1.37...
equal measure move (XA=BC)
possible Cypher setup
4 fibonacci confluence
wait for RSI confirmation
Wait for Candle formation (Doji, Pinbar, or Lower low Lower Close candle)
if target touched, be ready for Chyper pattern!
This is GBPUSD Weekly Chart projecting A to B B to C and C to D legs.
Please follow your own analysis I am just sharing what I have projected to come to pass. I will be doing more analysis with GBPUSD to confirm this.
Long to 1. 48607 split trade into 2 positions and TP 1 at 1.45835 for position 2 set a Trailing Stop so the position closes in profit. No need to...
Another Chyper coming up at 0.95426 on the 15 min
I go for 2 targets so the RTR is about 1.4 in this one, worse if you are only shooting for 1.
Target 1 = 0.95724
Target 2 = 0.95913
Stops = 1 ATR below the x at 0.95068