Get started
olly_price

GBPJPY cypher pattern long

Long
British Pound / Japanese Yen (FX_IDC:GBPJPY)  
olly_price Updated   
FX_IDC:GBPJPY   British Pound / Japanese Yen
GBPJPY GBP jpy Cypher LONG Bullish Patterns hourly Forex forexsignals forexpositive forextrading forextradingzones AB=CD analysis structure Support and Resistance buy japan downtrend Fibonacci forex_signals Gartley Harmonic Patterns Volume Indicator break Moving Average Convergence / Divergence (MACD) market money Moving Averages Elliott Wave support trend priceaction
1
3
gbpjpy gbp jpy cypherpattern long bullish hourly forex forexsignals forexpositive forextrading forextradingzones abcdpattern analysis structure supportandresistance buy japan downtrend fibonacci forex_signals gartleypattern harmonicpatterns volume break macd market money movingaverage elliottwaves support trend priceaction
Getting prepared for a hopeful bullish cypher pattern to form here. 3 points of resistance against the line leading to our entry point, so hopefully we see a continuation of this short-term trend to form the cypher.

Unfortunately not the best risk/reward.

I'll be looking also to see if the RSI is in an oversold (or nearly oversold) position if the price reaches the entry target.
Comment:
INVALID PATTERN due to a silly mistake, see below.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.