GBPUSD Potential Bullish Cypher Pattern Formation & Long Setup
Updated
GBPUSD-H4 Potential Bullish Cypher Pattern Formation and Long Setup
Description: FXAndalanBangsa found a potential Bullish Cypher Harmonic Pattern formation on H4 Chart Time frame. A potential bullish correction is predicted at D.
Pair / Instrument: GBPUSD
Trade Period: Intraday Trading
Time Frame: H4
The trend in the Timeframe: Bearish
Trade Based On: The Bullish Cypher Pattern
Accuracy: %82
Trade: Long
The Area Of The Entry: 1.2732 – 1.2796
Stop Loss: 1.2645
Target 1: 1.2895
Target 2: 1.2999
Target 3: 1.3116
What to pay attention: If the setup does not work and get stop out, we look for a long opportunity at Fibonacci 1.13 extension of XA 1.2631- 1.256 targeting 1.2796 and 1.2875
Description: FXAndalanBangsa found a potential Bullish Cypher Harmonic Pattern formation on H4 Chart Time frame. A potential bullish correction is predicted at D.
Pair / Instrument: GBPUSD
Trade Period: Intraday Trading
Time Frame: H4
The trend in the Timeframe: Bearish
Trade Based On: The Bullish Cypher Pattern
Accuracy: %82
Trade: Long
The Area Of The Entry: 1.2732 – 1.2796
Stop Loss: 1.2645
Target 1: 1.2895
Target 2: 1.2999
Target 3: 1.3116
What to pay attention: If the setup does not work and get stop out, we look for a long opportunity at Fibonacci 1.13 extension of XA 1.2631- 1.256 targeting 1.2796 and 1.2875
Trade closed: target reached
The Area Of The Entry: 1.2732 – 1.2796 ( no reached)Stop Loss: 1.2645
Target 1: 1.2895 (reached)
Target 2: 1.2999 (reached)
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.