Hey traders! since I have a potential bullish cypher pattern in eurgbp which I have just posted, here I have a potential bearish Garltey pattern. Price action trading below the EMA's and pushing up to meet the structure resistance. And also a nice trendline resistance. Expecting a price reversal from the completion area.
Entry@ 170.746
Stops @ 171.296( I may increase a little bit)
Targets 169.70
Entry@ 170.746
Stops @ 171.296( I may increase a little bit)
Targets 169.70
Order cancelled
It was a good idea! The price action did reverse but not from the entry point. C point is moved. Now time to move on with the next one.
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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.