FX:GBPUSD   Britisches Pfund / US-Dollar
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 1.2474 & 1.2504
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 1.2380
Stop loss would be placed above X leg structure resistance .

Target 1 - 1.2430
Target 2 - 1.2405
Hi Tom did that spike count for completion , or will it go back up and then come down again??
Hi Tom, Any comments on this setup? Is the setup still valid?
@T333sd, Still currently valid, however we do have another pattern just above which i will post in a couple of moments.
Shaqrani23 TomHall
@TomHall, do you have any ideas if this will become invalid due to hawkish news later?
TomHall arif_awan
@arif_awan, Very nice setup.
arif_awan TomHall
@TomHall, thanks Tom
Nice, I also see a bat pattern in this chart
TomHall dinnersticks
@dinnersticks, Feel free to post it up :-)
@TomHall, Thank you Tom, appreciated. That bat had the same X & D as your cypher here but I would say it got invalidated since X got violated. This is why I didn't draw it in my idea.
But your cypher might still work out for those who took it depending where their stops are. goodluck!
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Devisen-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden