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Aleksandar_Rose

Bearish Cypher on GBPUSD with extended targets

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
Aleksandar_Rose  
FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD Cypher structure advancedpatterns advancedpatten advancedpaternformation advancedpaterns advancedformations Harmonic Patterns
10
5
gbpusd cypherpattern structure advancedpatterns advancedpatten advancedpaternformation advancedpaterns advancedformations harmonicpatterns
GBPUSD is in a clear bearish trend on 15M, and market gave me a potential entry in order to hop on that bearish trend.
Market is forming a potential bearish Advanced Harmonic Pattern - Bearish Cypher, that is perfectly aligned with the bearish trend.
Since we are in an establish trend with no recent structure level to the right I'll go for extended targets(retest of NSL and I will trail my 2nd position), with stop above current pullback.

Here are the Entry, Stop and Target Levels:

Entry @ 1,2940
Stop @ 1,2960
Initial Target 1 @ 1,2900
Initial Target 2 @ 1,2850


Good Luck!
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