Cypher on GBPUSD

This guy completed inside a descending channel, but last 3 days PA has gained a strong bullish momentum (gaining +200 pips) and sentiment on the Pair is Bullish (according to those who know about it)

So I'll keep an eye on it to see how it behaves.

With the projected D point, numbers look like:

Entry: 1.30253
SL: 1.31800
TPs will be at Fibonacci levels Inside the channel:
0.382 @ 1.27952 (1.48 RR)
0.500 @ 1.27242 (1.94 RR)
0.618 @ 1.26531 (2.40 RR)
0.786 @ 1.25519 (3.04 RR)
0.886 @ 1.24917 (3.44 RR)

Recalculate them once D is totally defined.

There are some important news this week and the next, that may affect PA.

Good Luck!

Kommentera:

Price pinched the top of the zone, but closed inside... some may say that this is the expected behavior when trading harmonics.

Looking for an Entry reason on multiple time frames.

Kommentera:

Correction "returned to the zone" not "closed inside"

Order avbruten:

PA Closed out the zone yesterday...