Mulakan
UnknownUnicorn180388

GBP.USD - BEARISH CYPHER SETUP - 1.2515

Singkat
Paun British / Dolar A.S. (FX:GBPUSD)  
UnknownUnicorn180388 Telah dikemas kini   
FX:GBPUSD   Paun British / Dolar A.S.
ukforexsignals SELL short Bearish Patterns Harmonic Patterns advancedpatterns xabcd GBPUSD gbpusdshort
103
28
ukforexsignals sell short bearish harmonicpatterns advancedpatterns xabcd gbpusd gbpusdshort
On the GBP.USD 1hr chart we have a potential short opportunity at the D leg completion of bearish Cypher setup.

The price reversal zone on this pair is between 1.2515 & 1.2557
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 at around 1.2400
Stop loss would be placed above X leg structure resistance.

Target 1 - 1.2456
Target 2 - 1.2421
Komen:
D leg completion at 1.2515
Komen:
Price has now formed a double top with bearish RSI divergence.

I am personally not in the trade as i require more confirmation.

snapshot
Komen:
Price has now broke above the X leg which invalidates the idea for me.
No trade.
Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.