GBPUSD, 4hr tf, Bearish cypher pattern short potential
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Hello my friends.
I posted about GBPUSD sell position on bearish cypher pattern before but it turned out i play it in the wrong way. I got my stop loss taken as it was my fault in positioning my entry and my stop loss.
I am gonna try selling GBPUSD once again in a correct manner to trade cypher pattern as i just reviewed my last trade on GBPUSD. In my opinion short position is still interesting as bearish cypher pattern is still valid. It will only be invalidated by a movement above 1.2820
Sell GBPUSD 1.2700-1.2695 Stop loss 1.2820 Take profit 1 @1.2580 Take profit 2 @1.2460 Take profit 3 @1.2340