UPDATE to"SELL GBPUSD for 100 pips. If you must own the USD..."
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It IS a Gartley, after all, the earlier one being the wrong one, though! :-) Still a good SHORT entry here for a 110+ pip!! Tight stops, 15 pips or so.
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So far this is doing what bullish Garteys tend to do: "descending gently" and erratically. BUT *** the retail trade is the least Net Long in quite some time *** so, be careful being short here!
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Obviously this Not a Gartley but a CYPHER PATTERN!
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Sunday night open was a gap-down. (for a double top?) Look for a SHORT here.
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... this is a hard SELL here @134.45-134.60!
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These were all standard stop-hunts so keep selling here @133.60.
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If you are not SHORT, yet, here is a place to get on board; Sell @1.3330.
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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.