There is a bullish cypher for GBPAUD. Price entry at 1.77025 is guided by a green candlestick breaking and closing above the downtrending diagonal channel. Take profit targets are set at the 38.2 and 61.8 Fibonacci retracement levels of leg CD. The stop loss has the same number of pips as TP1 by default.
Trade Setup: Bullish Cypher
Price Entry 1.77025
SL 1.76438 | SL pips 58.7
TP1 1.77612 | TP1 pips 58.7
TP2 1.78186 | TP2 pips 116.1
RRR1 1.00 | RRR2 1.98
Status/Remarks: TP1 & TP2 hit! :)
Trade Setup: Bullish Cypher
Price Entry 1.77025
SL 1.76438 | SL pips 58.7
TP1 1.77612 | TP1 pips 58.7
TP2 1.78186 | TP2 pips 116.1
RRR1 1.00 | RRR2 1.98
Status/Remarks: TP1 & TP2 hit! :)