Hi Traders, we have 2 potential advanced patterns setting up on GBPUSD
Keep these on the radar and look for entry opportunities. If your an aggressive trader then make sure to front run your orders as we know the markets can easily hit entry and roll over to targets if your not prepared.
As always Entry, Stops and targets on screen.
BAT D completion looking very close to the even handle 1.28000
These patterns will be invalid if we break below the BAT A Leg - or for the Cypher if we close beyond the 141.4% Fib Ext
I will also update these patterns if we get closer to the D Completions, as price action moves around we may also form Gartley
Enjoy and happy trading
Keep these on the radar and look for entry opportunities. If your an aggressive trader then make sure to front run your orders as we know the markets can easily hit entry and roll over to targets if your not prepared.
As always Entry, Stops and targets on screen.
BAT D completion looking very close to the even handle 1.28000
These patterns will be invalid if we break below the BAT A Leg - or for the Cypher if we close beyond the 141.4% Fib Ext
I will also update these patterns if we get closer to the D Completions, as price action moves around we may also form Gartley
Enjoy and happy trading
Note
TP1 TP2 at these levels. Seem we tested the previous structure without the break and close above, no clear price reversal indication at the 78.6 entry, very low ascending channel in 15m with the retest of the close rejected. If your looking to get involved we may see another retest of the 1.29073 stops tight above the High maybe use ATR based stops then look for TP1 and TP2 at the marked levels. 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.
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.