GBP.USD - Bearish Cypher Pattern Setup
On the GBP.USD 15 min chart we have a potential short opportunity at the D leg completion of a Cypher Pattern
The price reversal zone on this pair is between 1.4321 & 1.4359
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Fibonacci Cluster:
0.786% - 1.4321
1.272% - 1.4317
1.618% - 1.4324
Potential targets for the Cypher Pattern placed at the .382% and .618% retracement of the C to D move.
Stop loss would be placed above X leg structure resistance.
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The price reversal zone on this pair is between 1.4321 & 1.4359
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Fibonacci Cluster:
0.786% - 1.4321
1.272% - 1.4317
1.618% - 1.4324
Potential targets for the Cypher Pattern placed at the .382% and .618% retracement of the C to D move.
Stop loss would be placed above X leg structure resistance.
www.UKForexSignals.com
www.Instagram.com/UK_Forex_Signals
www.Instagram.com/Tom_Hall_Official