GBPAUD - 1H CYPHER - ADVANCED PATTERN - POTENTIAL
Hi Traders, here we have a Cypher pattern with the XABC Leg formed - as always entry, stops and initial targets on screen.
Targets to be adjusted on D Completion - Pattern will be invalid if price falls below C Leg before D completion - or if we violate the X leg which ever comes first. Lets see if we pass the B Leg and hit entry.
Enjoy and happy trading
Targets to be adjusted on D Completion - Pattern will be invalid if price falls below C Leg before D completion - or if we violate the X leg which ever comes first. Lets see if we pass the B Leg and hit entry.
Enjoy and happy trading
Trade active
Order Filled - Targets Adjusted to Fib RetraceNote
X Leg violated Pattern invalid - lets see if we can get back to our targets to close this trade before Stops are hit. Targets moved to 38.2% 61.8% with the new D LegNote
TP1 Hit SL for TP2 moved to BE - look for the counter trade CYPHER at the 78.6% Entry. CD Move of this Cypher is an XA for a counter trade CYPHERNote
TP2 Hit - Counter trade cypher order filled.Note
TP1 Hit on the counter trade CYPHER - Only got a +20 seen as we had such a low D Completion Stops moved to break even 1.77115 - TP2 1.77590
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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.