A long opportunity on gbpusd
Actually, I already posted this idea on Friday. But I draw this cypher pattern on H1 timeframe, that's why I've been criticized. On hourly timeframe this very cypher HAS a candleclose of C-point beyond 1.414. On H4 timeframe, as you can see, there's no a candle close beyond 1.414. I don't care wether you treat it as valid or not. I back and forward tested lots of cyphers and according to MY tests any cypher is valid unless it's C-point touches 1.618.
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.