After taking profit from the (two-in-one) AB=CD bearish pattern setup, a Cypher pattern has been formed and is the right moment to take a 1/1 risk/reward ratio. Stop Loss placed 10 pips below X (key level structure)
Yesterday we took 27 pips from the 38.2% retracement after the Gartley completion, today market formed a crystal-clear AB=CD with 30 pips already in profit and waiting for the second tp at 61.8% retr.
Next move is the completion of the Cypher pattern at 0.8533.
Trade with care
After the big BAT completion that gave us profits at 38.2% retracement
and the perfect AB=CD, market go towars the completion of a Cypher pattern at a nice level (top of previous structure)
Wait until comfirmation
Market is moving to the completion of a Cypher pattern, this may lead to the retest of the trendline for continuation of the upward move, Brexit uncertainty moves exclusively sterling so if a new poll on Monday gives more votes to Brexit, market may skyrocket!
If the market extend and form a higher outside return, there is a Butterfly completion alongside a AB=CD completion at 1250. So far this pair provide us a lot of summetrical moves and maybe is going for one more.