With the possibility of a rate hike in the UK decreasing on poor economic data, and a decent NFP print out of the US I am now looking for counter-trend trading ideas to the downside on GBPUSD .
In the short term however we have two bullish Cypher Patterns forming.
The first is due to complete right around the 1.30000 even handle and I will be targeting a retest of structure at around 1.31000.
I will then be looking to short to around 1.29000 for the second Cypher Pattern completion.
Long back to previous structure then down to 1.28200.
Boom.
In the short term however we have two bullish Cypher Patterns forming.
The first is due to complete right around the 1.30000 even handle and I will be targeting a retest of structure at around 1.31000.
I will then be looking to short to around 1.29000 for the second Cypher Pattern completion.
Long back to previous structure then down to 1.28200.
Boom.
Note
Note
Looking for a reasong for entry within the black box:Note
Trade active
Long from 1.29680Trade closed manually
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.