GBPAUD H&S Renko Cypher
GBPAUD approaching completion of Renko Cypher @ 1.6978. Potential for a right shoulder formation by .882 retracement.
Buy signal confirmation = 2 brick reversal.
Long Entry 1.6880
Stop Loss 1.6780 ( beneath X)
Target 1 @ 172.40 ( 50 Fib XC) . 3.6 RR
Target 2 @ 1.7680 (C). 8 R
Buy signal confirmation = 2 brick reversal.
Long Entry 1.6880
Stop Loss 1.6780 ( beneath X)
Target 1 @ 172.40 ( 50 Fib XC) . 3.6 RR
Target 2 @ 1.7680 (C). 8 R
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