Our last attempt trading GBPUSD we were stopped at breakeven when price collapsed after the news released. Now most likely the upcoming week, if price continues it's sell off we may have a bullish cypher completion with D point at a slide parallel of a descending median line set.
It may not complete at the exact zone i have drawn in the chart, but watch for that 0.786 fib level close to the trendline.
If we have the completion i will update with stoploss and profit targets.
Like and follow for updates...
It may not complete at the exact zone i have drawn in the chart, but watch for that 0.786 fib level close to the trendline.
If we have the completion i will update with stoploss and profit targets.
Like and follow for updates...