Oztrade

GBPAUD - BULLISH CYPHER - ADVANCED PATTERN

Long
FX:GBPAUD   Livre sterling / Dollar australien
7
Hi All, I wanted to share this Cypher Pattern with you from a previous post we violated the original C Leg and Formed another One here.

Again Minimum Stop Level in Red

Entry Green - and as always you may need to roll orders forward to ensure you get filled.

TP1 and TP2 have been marked as standard as always - and we simply adjust Targets when D has completed.

You can see we touched the 61.8% but did not close beyond making this Cypher Valid - and the 78.6% D Completion is below the 61.8

If you feel more comfortable taking the lowest move in this Pattern by all means this is still 100% a valid Pattern. If Entry from the Lowest to the Highest Structure Points. Entry is just above Our X Points here @ 2.14927 and would look for an entry close to the 2.15000 I have drawn the bigger pattern in with no levels for stops entries targets

If you would like for me to post this pattern let me know

Good Luck and Happy Trading
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