gbpusd. potential sell

a potential cypher pattern is on the chart. cypher is not a harmonic pattern, it doesn't have a mandatory ab=K*cd symmetry (K is primary or derived fibonacci number) and it ruins the rule of measuring ratios of adjusent swings. it is an advanced formation. cypher is traded with limit orders. but you can wait for confirmation as well. just keep in mind that while waiting for confirmation you risk to miss so many patterns that overall your winners may not outweight your losses. I mean you must test your confirmation to see if it improves limit order trading method:) Good luck.