UPDATE #3: GBPUSD: Bearish Cypher & Bearish Crab BOTH Completed

13 Jul 2015

UPDATE #3 on this pair: the bearish crab was completed last week but the bearish cypher had not yet been completed as of Friday last week. But as I mentioned in my post (see Related Ideas: "UPDATE #2: GBPUSD: Bearish Cypher + Bearish Crab Completed"), I was still expecting that the cypher would be filled and I said I would hold off on taking any trade until the cypher did get filled.

OK, so that took awhile but it did get filled today and right now, prices are descending into the profit targets for that cypher and the crab (if you took the crab and managed to hold on to your positions, then you are good to go!). Keep in mind that I am net BULLISH on this pair per my LONG TERM analysis (see Related Ideas: "GBPUSD: Quick & Clean Analysis - POTENTIAL Bearish Cypher") so I am looking to exit my shorts after hitting the profit targets and will look for LONG opportunities.

Good Luck!

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