On the GBP.USD 1 hour chart we have a potential long opportunity at the D leg completion of a Cypher Pattern
The price reversal zone on this pair is between 1.4078 & 1.4034
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Fibonacci Confluence: 50.00% - 78.60% - 127.20
Potential targets for the Cypher Pattern placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around 1.4341
Stop loss would be placed below X leg structure support.
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The price reversal zone on this pair is between 1.4078 & 1.4034
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Fibonacci Confluence: 50.00% - 78.60% - 127.20
Potential targets for the Cypher Pattern placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around 1.4341
Stop loss would be placed below X leg structure support.
www.UKForexSignals.com
www.Instagram.com/UK_Forex_Signals
www.Instagram.com/Tom_Hall_Official