GBPUSD Possible Cypher Pattern
still learning. *This is my view, and is not meant as advice for others to trade!
i know it might be early, but that's why i said possible pattern. I'll monitor how this plays out.
If, this gets to the reversal zone, going short temporarily is the aggressive trade, but might be rewardable. Going long at the D leg with a stop-loss right below the X leg. Fib :) from C to D, 1st target is the .382, 2nd target is the .618
Constructive comments/criticism appreciated :)
Safe trading
i know it might be early, but that's why i said possible pattern. I'll monitor how this plays out.
If, this gets to the reversal zone, going short temporarily is the aggressive trade, but might be rewardable. Going long at the D leg with a stop-loss right below the X leg. Fib :) from C to D, 1st target is the .382, 2nd target is the .618
Constructive comments/criticism appreciated :)
Safe trading
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