GBPUSD (Gartley Pattern) -1h Chart
Updated
Confirmations for Gartley Pattern
- A-B must touch 0.618 but cannot touch 0.786
- B-C must touch 0.236 but cannot exceed A
- D completion at 1.272 (Trend Extension) or 0.786 from normal measurement
- take profits at 0.382 and 0.618 (Fibonacci from A-D)
Good Trading
- A-B must touch 0.618 but cannot touch 0.786
- B-C must touch 0.236 but cannot exceed A
- D completion at 1.272 (Trend Extension) or 0.786 from normal measurement
- take profits at 0.382 and 0.618 (Fibonacci from A-D)
Good Trading
Note
Perfect resistance at topGood Trading. -1h Chart
Note
I believe price is about to finally move from resistance and reach first TPI used Trend-Based Fib Extension to measure retracements and get that major retracement at 0.786, price made a double top at that area and is now reacting
Good Trading. -15min Chart
Note
First TP has been reached We can expect bearish continuation
Good Trading. -15min Chart
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