GBPUSD Playing the Range
Cypher completed, but there have been numerous patterns in this range, this is where harmonics work very well
Currently there is a small green candle at support with a completed Cypher pattern and oversold stochastic
if the green candle closes bullish today it will offer a low risk long entry and 2.7:1 to the first target
If it manages to break the upper channel trend line it is very possible it may close the gap at around 1.3650 which would be a potential 9.5:1 which would be nice for ~650pips
We will see, but I'm bullish gbpusd and do not think this corrective phase is over just yet
Currently there is a small green candle at support with a completed Cypher pattern and oversold stochastic
if the green candle closes bullish today it will offer a low risk long entry and 2.7:1 to the first target
If it manages to break the upper channel trend line it is very possible it may close the gap at around 1.3650 which would be a potential 9.5:1 which would be nice for ~650pips
We will see, but I'm bullish gbpusd and do not think this corrective phase is over just yet
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.