Bullish cypher pattern found on the GBPUSD. The 78.6 retrace lands right on the 127.2 extension confluence making this pattern very valid. Stop loss just below the XA leg.
Sorry that I wrote bearish on the title, my mistake! This is a bullish cypher pattern forming. :P
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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.