Hi traders,
On the GBPUSD we have a potential harmonic pattern. Let's be clear about the fact that it is not a real pattern and that I don't trade the GBPUSD. I still think it's a nice setup. My entry is at the 127.2% Fibonacci extension of the ABC movement. Below that we have the 141.4% Fibonacci extension of that same move and the 161.8% Fibonacci extension of the ABA movement.
Entry: 1.23675
Stop: 1.23237
Target: 1.24879 = R:RR 2.75
Good luck traders!
On the GBPUSD we have a potential harmonic pattern. Let's be clear about the fact that it is not a real pattern and that I don't trade the GBPUSD. I still think it's a nice setup. My entry is at the 127.2% Fibonacci extension of the ABC movement. Below that we have the 141.4% Fibonacci extension of that same move and the 161.8% Fibonacci extension of the ABA movement.
Entry: 1.23675
Stop: 1.23237
Target: 1.24879 = R:RR 2.75
Good luck traders!
Order cancelled
Related publications
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.
Related publications
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.