The rally in EURGBP is going to reach the D point of a Bullish Cypher Pattern in a earlier support zone.
1. Cypher Pattern
2. RSI low
3. MACD 4C bearish to reach D
4. Earlier support zone
TP1 at .382 CD leg
TP2 at .618 CD leg
SL at X point
Advice: Take care trading GBP market this days due to the Thursday 5th Bank Of England meeting. If the market reaches point D before, perhaps it is good to wait for the resolution.
1. Cypher Pattern
2. RSI low
3. MACD 4C bearish to reach D
4. Earlier support zone
TP1 at .382 CD leg
TP2 at .618 CD leg
SL at X point
Advice: Take care trading GBP market this days due to the Thursday 5th Bank Of England meeting. If the market reaches point D before, perhaps it is good to wait for the resolution.
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