British Pound / U.S. Dollar
Long
Updated

Bullish Cypher

56
Good morning traders,

A potential bullish cypher is forming on the 4h chart of cable this morning. Although the cypher is forming against the prevailing trend this pattern formation is in confluence with a minor level of inside structure. Entry and stops indicated on chart with initial target projections.

--- P.S.
Trade closed: target reached
Target 1 hit, position 2 closed at break even

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