Cypher Pattern
We have just completed the D leg aggressive entry for a cypher on the GBPUSD.
I am aiming to take target 1 at 1:1 and then leave half position on to hit target 2.
There is a lot of news to come for this pair over the next few days so trade carefully.
We trade pure technicals here.
Price isnt yet at extremes so you may want to wait to see how price reacts at this level and drop down to a LTF and wait for a bullish entry signal.
Double bottom, Higher high, 3 bar reversal.
Just remember to always stick to your plan and rules
I am aiming to take target 1 at 1:1 and then leave half position on to hit target 2.
There is a lot of news to come for this pair over the next few days so trade carefully.
We trade pure technicals here.
Price isnt yet at extremes so you may want to wait to see how price reacts at this level and drop down to a LTF and wait for a bullish entry signal.
Double bottom, Higher high, 3 bar reversal.
Just remember to always stick to your plan and rules
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