Long

GBPUSD (H4): Gartley Pattern Formation

Updated

Timeframe: 1D
Direction: Long

Confluences for Trade:
- Gartley Pattern Formation almost completed
- Stochastic Oversold momentum in both (H4 and 1D)
- Gap between 8EMA and 50EMA is quite wide, should narrow back
- Fundamentally, despite Brexit uncertainty, there was a glimpse of positivity that the Tories want to stand behind Theresa May and get through this.

Suggested Trade:
Entry @ Area of Interest 1.2830 - 1.2930
SL: 1.2969
TP: 1.3111
RR: Approx. 1.97 (Depending on Entry Level)

May the pips move in our favor! Good luck! :D

*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.

Note

Sorry, error in the posting.

SL is actually 1.2769. not 1.2969. For both technical chart and description.

Trade active

Trade closed: stop reached

weekendanalyst

Disclaimer: The personal opinion above does not constitute as an investment advice. Any decisions taken based on the above opinion is purely at your own risks. DYOR.

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