CajunXChange

#GBPUSD cypher and bat

Panjang
FX:GBPUSD   Paun British / Dolar A.S.
1.2100 and 1.20 is prz for bullish cypher and bearish 5-0. If price jumps off 1.21 and doesn't test the 1.618 ext at 1.2, I will consider it strong signal to buy. On the other hand, if price does reach for 1.20, we have to be aware that the cypher also takes the pattern of a bearish 5-0, cautiously watching 1.24350 for direction, making it our first objective regardless.
Ultimately, im targeting 1.345, which would complete a bearish bat.
Also note RSI divergence and huge bullish AB=CD pattern, the pair has completed.
Penafian

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