GBPAUD - CYPHER POTENTIAL SHORT - ADVANCED PATTERN
Hi Traders, just thought to get this one posted up. As we see price action forming a Cypher price action didnt close beyond the 1.414 Fib Ext from our XA Move
As always Entries Initial Targets and Stops on screen.
Keep in mind FOMC is due later and can have a big impact on movement, if your rules say not to trade during this period I would be wary on taking this trade, how ever if your in a position its always great to move stops to break even if your trades are in the green.
This pattern will be invalid if we close beyond the 1.414 of our C Leg or if price action moves beyond our X leg - whichever comes first.
As always Entries Initial Targets and Stops on screen.
Keep in mind FOMC is due later and can have a big impact on movement, if your rules say not to trade during this period I would be wary on taking this trade, how ever if your in a position its always great to move stops to break even if your trades are in the green.
This pattern will be invalid if we close beyond the 1.414 of our C Leg or if price action moves beyond our X leg - whichever comes first.
Trade active:
Order filled - Targets to be adjusted on a D Completion unless stops are hit. Whichever comes first.
Comment:
Well that was short lived, seems the news went against this trade.
Trade closed: stop reached