Cypher pattern setup on GBP/USD 30 min timeframe

Looking for price to run up a little further into the 78,6% retracement from the X to C leg. ( 1.4321 ) to complete this bearish Cypher pattern.

Place stop above X and profit targets at the 38.2% and 61.8% retracement from the C to D leg.

Watch out for the news thats is coming out, better to wait what happens.

Always looking for feedback on my analysis, so be sure to comment !

Follow me on twitter : twitter.com/PalmTree...ing]PalmTreeTrading/
Follow me on Tradingview : www.tradingview.com/u/PalmTreeTrading/
Followme on Instagram : www.instagram.com/palmtreetrading/

Trade chiuso: obiettivo raggiunto:

Another target 2 winner !