The crippled Cypher // Double Bottom - 2618 setup // IF=THEN ®

28 set 2015

GBPUSD

Double bottom above support, IF the price break the previous structure or pressure zone, and find resistance above, it can eventually pull back to the 61.8% giving us an eventual 2618 setup to trade with a target around the 161% extension.

Also a crippled Cypher pattern which exceeded point B slightly above the 61.8%, in fact, touches the 76% retracement, creating a mistrust of state.

Ratios:

Double's ;) :

Safe trades;