GBPAUD - 1H CYPHER - ADVANCED PATTERN - POTENTIAL

Hi Traders, here we have a Cypher pattern with the XABC Leg formed - as always entry, stops and initial targets on screen.

Targets to be adjusted on D Completion - Pattern will be invalid if price falls below C Leg before D completion - or if we violate the X leg which ever comes first. Lets see if we pass the B Leg and hit entry.

Enjoy and happy trading

Trade attivo:

Order Filled - Targets Adjusted to Fib Retrace

Commento:

X Leg violated Pattern invalid - lets see if we can get back to our targets to close this trade before Stops are hit. Targets moved to 38.2% 61.8% with the new D Leg

Commento:

TP1 Hit SL for TP2 moved to BE - look for the counter trade CYPHER at the 78.6% Entry. CD Move of this Cypher is an XA for a counter trade CYPHER

Commento:

TP2 Hit - Counter trade cypher order filled.

Commento:

TP1 Hit on the counter trade CYPHER - Only got a +20 seen as we had such a low D Completion Stops moved to break even 1.77115 - TP2 1.77590