GBPUSD-H4 Potential Bullish Cypher Pattern Formation and Long Setup

GBPUSD-H4 Potential Bullish Cypher Pattern Formation and Long Setup

Description:  FXAndalanBangsa found a potential Bullish Cypher Harmonic Pattern formation on H4 Chart Timeframe. A potential bullish correction is predicted at D.

Pair / Instrument: GBPUSD

Trade Period: Intraday Trading

Time Frame: H4

The trend in the Timeframe: Bearish

Trade Based On: The Bullish Cypher Pattern

Accuracy: %82

Trade:  Long

The Area Of The Entry: 1.2732 – 1.2796

Stop Loss: 1.2645

Target 1: 1.2895

Target 2: 1.2999

Target 3: 1.3116

You can follow the setup: GBPUSD H4 Bullish Cypher Pattern

What to pay attention: If the setup does not work and get stop out, we look for a long opportunity at Fibonacci 1.13 extension of XA 1.2631- 1.256 targeting 1.2796 and 1.2875

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