We meet the bearish Cypher pattern in Gbpusd in hourly chart. We have the uptrend violated by a New structure low. Potential sell could be seen at the pattern completion area.
Unbreakable Rules 1. Never add to a losing position. 2. Never risk more than 5 percent of your trading capital on any one trade. 3. Always have a protective stop in the market. 4. After a trade has been place. Think like you are viewing the market through a prism.
Guidelines 1. Never close a trade without a reason. 2. Take responsibility for your trades. 3. Markets that have higher lows are in uptrends. Markets that have lower highs are in downtrends.
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Pattern Invalid!
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IvanLabrie
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There's an interesting EURGBP long forming too...I think this will be a great sell.