Get started
British Pound / U.S. Dollar
Short

AB=CD PATTERN OFF PREVIOUS CYPHER FINISH ON 1H GBPUSD

By Carlos_LL
Updated
An AB=CD pattern forming CD leg coming off a D finish on a Cypher pattern on the 4h GBPUSD. Trend continuation trade having taken profit on the AB leg continuing the downward momentum. Confluence @.786 retracement and RSI on overbought favoring a short entry.
Note
Trade is active.
Note
Retest of previous support @ 1.4649 could provide opportunity for Trend Continuation Trade to final target.
AB=CDakil_stokesCypherHarmonic Patternsjason_stapletonstructuretradeTCTtrendcontinuation
Carlos_LL

Related publications

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.