Phil_Son

EURGBP 4H potential bull Cypher pattern

Largo
FX:EURGBP   Euro/Libra esterlina
Market previously has created some higher highs and higher lows, which indicates that it might keep going up. It's testing previous structure right now, with the RSI being oversold, so there are some buying opportunities. Even though market is retesting structure now and there might be a buying opportunity, a more conservative way to trade is to wait for the bullish Cypher pattern to complete and buy there. Cypher pattern can also be used as a trend continuation trade in this case.

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