A nice Bat finishing on 1H GBPUSD, this trade is a continuation off a previous Cypher and an AB=CD pattern. TP are placed @.382 AD retracement, secondary @ .618. SL placed below X, taking into consideration previous structure lows, look left....This could retest previous support @ 1.4638. RSI oversold favoring a LONG entry.
We´ve done well with this pair hitting T1 on the Cypher, stacking up on the pullback for the Trend Continuation and AB=CD pattern all the way down to this D finish.
We´ve done well with this pair hitting T1 on the Cypher, stacking up on the pullback for the Trend Continuation and AB=CD pattern all the way down to this D finish.
Note
Trade is active.Note
And it went south....stops hit. Trade closed.
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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.