Trend Continuation: GBPAUD Outside return into Cypher Pattern.
A perfect example how to combine possible advanced patterns and price structure to build a case for entry.
We recently saw a new structure high which is putting us in Trend Continuation Mode. Typically we see an outside return into previous structure, in this case perfectly lined up with the 0.382 % retracement of our last rally.
Completion Point D of the Cypher Pattern lines up exactly with the 0.382% retracement.
The setup shows how I personally manage positions for this kind of trend continuation trade.
Good Luck!
We recently saw a new structure high which is putting us in Trend Continuation Mode. Typically we see an outside return into previous structure, in this case perfectly lined up with the 0.382 % retracement of our last rally.
Completion Point D of the Cypher Pattern lines up exactly with the 0.382% retracement.
The setup shows how I personally manage positions for this kind of trend continuation trade.
Good Luck!