GBPUSD - Bearish Gartley - Short
GBPUSD A bearish Gartley Harmonic Pattern has formed.
We see a almost perfectly symmetrical AB=CD pattern forming inside a channel.
High Risk: Enter trade one all levels of the Potential Reversal Zone have been reached.
More conservative: Wait for a reversal candle on the daily/4H chart.
Take profit 1 at 1.3129 (38.2% AD)
Take profit 2 at 1.2949 (61.8% AD)
Make sure to manage your trade properly, tighten stops and beware or possible reversals.
A formation of a Shooting Star reversal candle on the daily chart will increase the conviction of the trade.
Happy trading!
Feel free to ask questions.
Disclaimer
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.