GBPUSD. Potential Gartley pattern
Potential Gartley pattern for a long-term GBPUSD long position.
Expect to open a long position by Monday, 15.07.2019. SL and TP as per chart. more details below in comments.
This is a long term position, target expected to be hit by mid-2021.
Expect to open a long position by Monday, 15.07.2019. SL and TP as per chart. more details below in comments.
This is a long term position, target expected to be hit by mid-2021.
Note
Fork and Indicator disposition as per below. Confirmation not yet here therefore, open a position now is very risky. Confirmation would arrive one the indicators turn up and a reversal candle is plotted on monthly TF.However, as it is a long-term one, I don´t mind to jump in now as R/R is high anyway.
Trade active
SL not hit yet but the whole thing looks very bearish.. Specially, when the DXY has probably already turned up and the GBP is clearly laggingTrade active
Surprisingly trade is still alive but, of course, targets have changed. Expecting so see a competion of triangle at around 1.35
Please, follow your strategy! Always!
If there is no strategy that has proven itself successful, please do not trade with real money!
If there is no strategy that has proven itself successful, please do not trade with real money!
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.
Please, follow your strategy! Always!
If there is no strategy that has proven itself successful, please do not trade with real money!
If there is no strategy that has proven itself successful, please do not trade with real money!
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.