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15m

GBPUSD 15M - Potential Gartley Pattern Long @ 1.4015Hi all, After some nice time off over easter I'm back into it today. Looking at a potential Gartley pattern long on GBPUSD 15M @ 1.4015. Stops below X Target 1 @ 1.4074 Target 2 @ 1.4111 Couple of things to keep in mind for this one. It's quite a deep Gartley so the entry is around the previous structure at X, which is also close to the 1.4000 even handle number. However keep the current overall trend in mind and place stops according to your plan.
Long
by Andy_Parrish
Long SUNE: Entry at Thrust Target Through Completion of (iv)On the daily TF, we are in the midst of the fifth and final wave of an expanding ending diagonal, counted as C of an ABC zig-zag correction. The monster buying opportunity will be at the completion of this C wave, however, we may be presented with a short term long opportunity with a R/R of 8.5. The current count is wave-b-of-(c) in a potential flat correction which may complete the fourth wave corrective structure in the last leg of the ending diagonal of C. The triangle thrust is confluent with AB=.618CD and is supported by wave-iii low, so a tight stop is not unreasonable here. There will be two targets, one at (a)=(c), which is conservative, and another at the more aggressive yet probable fourth wave terminus at (a)=1.5(c) in previous fourth wave territory. If the trade triggers and travels to target, I will not be taking a short position but instead will wait for C to complete for a long term buy-and-hold.
SLong
by glennmercer
1