Bullish Cypher pattern on H4 chart. TP area is usually between 0.382 Fib to 0.618 Fib of the CD leg where there is a possible test of the turquoise trendline. GBP and AUD news in this coming week could act as a catalyst for the move.
Komentar:
Chart is still valid
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Pattern will only be invalid if price closes below X.
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If you traded this set-up, you should have closed it with 2 different TP, 1st one with 300 pips thereabout (38.2 fib level) and 2nd one with 500 pips thereabout (61.8 fib level)
