A final upward push in price into the PRZ of the completed bearish Gartley on the Weekly chart could signal the end of the corrective sequence. Confluence with the AB:CD pattern on the daily TF, and the 1.8500 quarter point help make the case for a reversal. If BoE decide to leave interest rates unchanged this May, it could trigger the reversal. I'm sitting on my hands on this pair until the intra day charts signal a clear reversal pattern.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.