Hi traders,
On the GBPUSD I am looking at two potential patterns forming. The red one is a bat pattern and the blue one is a cypher pattern. Both of them complete at point D.
---------Bearish bat patten---------
Entry: 1.34385
Stop: 1.3532
Target 1: 1.33044 = R:RR 1.4
Target 2: 1.31570 = R:RR 2.91
---------Bullish cypher pattern---------
Entry: 1.2902
Stop: 1.2765
Target 1: 1.31108
Target 2: 1.32017
Will keep this updated as time progresses. Best of luck!
On the GBPUSD I am looking at two potential patterns forming. The red one is a bat pattern and the blue one is a cypher pattern. Both of them complete at point D.
---------Bearish bat patten---------
Entry: 1.34385
Stop: 1.3532
Target 1: 1.33044 = R:RR 1.4
Target 2: 1.31570 = R:RR 2.91
---------Bullish cypher pattern---------
Entry: 1.2902
Stop: 1.2765
Target 1: 1.31108
Target 2: 1.32017
Will keep this updated as time progresses. Best of luck!
Note
Red bat pattern is now invalid.Order cancelled
This pattern is taking forever to complete.
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Related publications
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.