Nice back to back patterns forming. Check your Daily chart for the cypher, because it is forming a double bottom on D1
If the small Gartley completes there will be a nice chance for shooting for extended targets, for completion of the big Gartley around 1.5425. Shoot to Kill !
Deep Gartley for a perfect R/R. Just waiting to execute!
Cypher completion matches almost with 78.6 from the whole downside move. It is a good chance to continue the trend move. For better R/R you can try for a retest of the previous high, but it might not even reach it.
If history is about to repeat, we will see a drop of GBP/USD again but in a smaller pattern.
If the channel breaks down there will be a good chance to go long at 0.81160. Also you can try sell the breakout to this lvl and take both ways.
Potential pattern with a double bottom and a minor trend breakout. Nice up channel forming also. BULLISH!
Depending on your personal rules, the risk/reward for the Target 1 might be less than 1:1.
Cypher completes at 1.04410. Ride it Down and try to get extended targets on the big H4 Gartley.
Possible Long opportunity if price goes down to 0.8217.
Waiting for Cypher completion around 133.982. Last one did a great job.
I have extended targets on my Target 2 of the last 30min Bat Pattern, for a completion of the H1 Gartley around 1.3755.
You want to be a buyer if the price keeps going down around 0.89067. We have a nice structure over there.
AB= CD completes perfectly at 1.27 of AB and 0.786 of XA.
The 1.27 AB and 0.786 XA match perfectly together and IF the A-B-C-D move fully complete it will give us a reversal zone between 1.04825 and 1.05040. For a better Risk/Reward I will place orders at the A-B-C-D completion around 1.0500.
ABCD Pattern Completes between 0.886 at 1.62398 and 1.27 at 1.6250. Sell at this zone.