GBPUSD 15M - Potential Cypher Long & Bat Short Patterns
Hi all,
There are 2 potential patterns forming up on the GBPUSD 15M. A Cypher long @ 1.4404 and a Bat short @ 1.4527.
For the Cypher Long @ 1.4404:
Stops below X (which is at 1.4382)
Target 1 @ 1.4432
Target 2 @ 1.4450
For the Bat Short @ 1.4527:
Stops above X (which is at 1.4546)
Target 1 @ 1.4472
Target 2 @ 1.4438
Remember to make sure these fit your plan and your position sizing is accurate as the stops are quite large on the Bat.
As always, targets will be adjusted should the patterns fill.
There are 2 potential patterns forming up on the GBPUSD 15M. A Cypher long @ 1.4404 and a Bat short @ 1.4527.
For the Cypher Long @ 1.4404:
Stops below X (which is at 1.4382)
Target 1 @ 1.4432
Target 2 @ 1.4450
For the Bat Short @ 1.4527:
Stops above X (which is at 1.4546)
Target 1 @ 1.4472
Target 2 @ 1.4438
Remember to make sure these fit your plan and your position sizing is accurate as the stops are quite large on the Bat.
As always, targets will be adjusted should the patterns fill.
Trade active:
The cypher turned into a Bat long overnight but the invalidated. However the Bat short filled and hit Target 1 for +54 pips.
Trade is still active looking for Target 2.
Trade is still active looking for Target 2.
Trade closed: stop reached:
Target 2 stopped out for break even.
