If triangle is broken downward then entry price would be point D of the Gartley pattern, around 0.88470.
Target 1: 0.88894
Target 2: 0.89156
Target 3: 0.89546
Stop Loss: Support Area indicated
Target 1: 0.88894
Target 2: 0.89156
Target 3: 0.89546
Stop Loss: Support Area indicated
Note
Triangle broken downward.Note
Moving to BUY ZONE Order cancelled
Failed to complete the pattern due to fundamentals."The pound slumped after the Bank of England’s hawkish rhetoric failed to convince markets of a brighter economic outlook" (Bloomberg).
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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.