GBPUSD TWO POTENTIAL ADVANCED PATTERNS

Hi traders,

On the GBPUSD I am looking at two potential patterns forming. The red one is a bat pattern and the blue one is a cypher pattern. Both of them complete at point D.

---------Bearish bat patten---------
Entry: 1.34385
Stop: 1.3532
Target 1: 1.33044 = R:RR 1.4
Target 2: 1.31570 = R:RR 2.91

---------Bullish cypher pattern---------
Entry: 1.2902
Stop: 1.2765
Target 1: 1.31108
Target 2: 1.32017

Will keep this updated as time progresses. Best of luck!

Kommentera:

Red bat pattern is now invalid.

Order avbruten:

This pattern is taking forever to complete.