GBP.USD - BULLISH CYPHER SETUP - 1.2248
On the GBP.USD 1hr chart we have a potential long opportunity's at the D leg completion of bullish Cypher setup.
The price reversal zone on this pair is between 1.2248 & 1.2198
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets back into 1.2410
Stop loss would be placed below X leg structure support .
Target 1 - 1.2318
Target 2 - 1.2361
The price reversal zone on this pair is between 1.2248 & 1.2198
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets back into 1.2410
Stop loss would be placed below X leg structure support .
Target 1 - 1.2318
Target 2 - 1.2361
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5 EASY STEPS TO TRADE THE GARTLEY PATTERN
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Kommentera:
D leg is now complete at 1.2248
Kommentera:
Potential long entry from this pair.
Order avbruten:
Position has now exceeded the X leg, no position will be taken on this pair.