GBPCAD Potential bullish Cypher pattern with trend

2015年6月16日

Here we got another one of the infamous harmonic patterns with trend on the 4hr timeframe. This pair have been a little choppy the past weeks, so look out for how the price action is going to behave. We need an over sold RSI and a good retracement. Since this is a with short term trend we got 2 targets, i recommend to close half position at target 1, move stop to break even and let the rest run to target 2. But its only my personal rules.

Please take care in the market this week, we got a lot of news announcements and Greece god knows how much trouble thats gonna make this week so lets keep it sharp.

For those that follow me we started the week out with an 88 pip loss, we got a few order open in the moment that is running on profit. This morning we got 3 perfect setups that just got within few pips of our entry and then ran straight to targets so it was a lot of pips on the floor there, but i guess thats the game.

Kind Regards
Thomas Jeff