It is only 1% retracement away from having been a Gartley so may want to watch that completion point as well but I will wait for the entry given by the Bat. RSI looks like it will be in oversold territory if price reaches the D point. Stop is the red dashed line.
I will aim for .382 and .618 retracement, and consider trailing stops in hopes of reaching higher targets on GBPUSD. Keep in mind I am a novice and this is just my idea. Cheers!
I will aim for .382 and .618 retracement, and consider trailing stops in hopes of reaching higher targets on GBPUSD. Keep in mind I am a novice and this is just my idea. Cheers!
Note
Idea is still valid as price does not exceed 1.2582 firstNote
Some bullish AB=CD patterns I will also watch for
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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.