GBPUSD: Bearish cypher pattern on the 1H timeframe
Updated
Hi traders,
As mentioned before, I don't actually trade most of the GBP pairs. But that doesn't mean I don't analyse it. On this chart we can see a nice bearish cypher pattern that could be completed by tomorrow (point D). Pattern remains valid as long as we don't close a candle below the 1.25072.
Entry: 1.26549
Stop: 1.26992
Target: 1.25626 = R:RR 2.08
Good luck traders! I will be updating this chart as time progresses.
As mentioned before, I don't actually trade most of the GBP pairs. But that doesn't mean I don't analyse it. On this chart we can see a nice bearish cypher pattern that could be completed by tomorrow (point D). Pattern remains valid as long as we don't close a candle below the 1.25072.
Entry: 1.26549
Stop: 1.26992
Target: 1.25626 = R:RR 2.08
Good luck traders! I will be updating this chart as time progresses.
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