GBPUSD: Buying below 1.30 (Bull Cypher)
Hi Traders,
There is a bullish cypher pattern forming with D completion at 1.29900. This is a swing trading setup and timeframe. I expect the trade (if does complete) to last for 3 - 10 days.
If you are not comfortable holding trades long or over the weekend, I would suggest that you focus on developing a trading strategy on a shorter timeframe e.g. M5, M15, M30 or H1.
Entry: 1.29920
Stop: 1.28480
1st target: 1.31600
2nd target: 1.32680
Good luck and good trading,
Luke
There is a bullish cypher pattern forming with D completion at 1.29900. This is a swing trading setup and timeframe. I expect the trade (if does complete) to last for 3 - 10 days.
If you are not comfortable holding trades long or over the weekend, I would suggest that you focus on developing a trading strategy on a shorter timeframe e.g. M5, M15, M30 or H1.
Entry: 1.29920
Stop: 1.28480
1st target: 1.31600
2nd target: 1.32680
Good luck and good trading,
Luke
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