GBP.USD - BULLISH CYPHER SETUP - 1.2248
On the GBP.USD 1hr chart we have a potential long opportunity's at the D leg completion of bullish Cypher setup.
The price reversal zone on this pair is between 1.2248 & 1.2198
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets back into 1.2410
Stop loss would be placed below X leg structure support .
Target 1 - 1.2318
Target 2 - 1.2361
The price reversal zone on this pair is between 1.2248 & 1.2198
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets back into 1.2410
Stop loss would be placed below X leg structure support .
Target 1 - 1.2318
Target 2 - 1.2361
Comment:
5 EASY STEPS TO TRADE THE GARTLEY PATTERN
Comment:
Have a great week traders!
Comment:
D leg is now complete at 1.2248
Comment:
Potential long entry from this pair.
Order cancelled:
Position has now exceeded the X leg, no position will be taken on this pair.