I just put out a video breaking down the GBPUSD. On the chart here we have a massive Potential Cypher Pattern. Now although I trade Cyphers, I cannot enter into any trade with more than 100 pips of risk per my trading plan. So instead I am going to use the Cypher pattern as part of my overall technical scoring system. Now along with the Cypher you also have a potential AB=CD pattern, Structure and Fibonacci confluence rounding out our potential reversal zone.
If you would like to see how I did this, here is the link to the video: https://youtu.be/nCPQU4t54Ds
Otherwise you can just keep an eye on this potential reversal zone and we'll see what happens. Either way, Good luck and Good Trading.
If you would like to see how I did this, here is the link to the video: https://youtu.be/nCPQU4t54Ds
Otherwise you can just keep an eye on this potential reversal zone and we'll see what happens. Either way, Good luck and Good Trading.