Hello traders,
GBPAUD Setting up for a Bullish Cypher Pattern. Gotta have to wait and see where the D leg completes but optimally would be at the 0.786 retracement of (X-A).
I will update the setup with SL/TP targets when price approaches and I know where the D leg has completed.
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GBPAUD Setting up for a Bullish Cypher Pattern. Gotta have to wait and see where the D leg completes but optimally would be at the 0.786 retracement of (X-A).
I will update the setup with SL/TP targets when price approaches and I know where the D leg has completed.
Like & Follow to get notified of ideas!
Note
Woke up to a nice rally but didn't get the chance to catch it. I will catch it again, these were my initial TP and SL targets. Let's see if it moves back downNote
Accidentally put this in the comments but potential Bearish bat can form which adds confluence for the Cypher pattern, also respects TL. Order cancelled
Invalid broke structure
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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.