The crippled Cypher // Double Bottom - 2618 setup // IF=THEN ®
GBPUSDDouble bottom above support, IF the price break the previous structure or pressure zone, and find resistance above, it can eventually pull back to the 61.8% giving us an eventual 2618 setup to trade with a target around the 161% extension.
Also a crippled Cypher pattern which exceeded point B slightly above the 61.8%, in fact, touches the 76% retracement, creating a mistrust of state.
Ratios:
Double's ;) :
Safe trades;
I am a financial market analyst based in Porto, Portugal. I provide market forecasts to a group of professional traders, playing a crucial role in assisting them in making well-informed decisions in the financial markets.
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