Possible Gartley Buy PatternWe have to see price action to decide entry long in this pair, because we have strong daily and wekly resistance.
You decide your trade!!! ;)
Gbpusd1hr
GBPUSD GAINS NOT OVER, DON'T PULL OUT !this morning i posted a trade on this pair stating that we are looking for targets at the 1.618. however we are seeing a slight pull back that may scare a few folks into pulling out too early. this morning i mentioned a bit about pattterns always completing, so i'll show you what i mean and why you should stay in till target. look where i placed the black arrow. Measure from the top to bottom of that small move (red trend line, and place it at the high of the current pull back and see it lines up perfectly at the 1.618. this little move never had it's pair and it's now being completed.
GBPUSDThis is a possible short trade. We must carefully watch the price action specially where it would reach in the C point. What is shown in the chart is a possible .618 to 1.618 trade making a perfect ABCD pattern ideally, but this is not the perfect world. Where the C point reaches dictates the Termination of the D point. Where ever that might be this is a short short trade, cause the trend is UP. It is important to note that The PRZ will be the determining factor of this trade. The violation of the PRZ will invalidate the trade. Eg. The understanding the Price Action in the PRZ will make you a winner.
Trade Carefully and Be a winner
