0.700 HAS not been broken over a period of time and gartley pattern completion
i will be looking forward to price action to triger a trade with long term targets
Here we have a GARTLEY pattern completion.
the 0.710 has held strong over and over again, i will be looking to go long here on a swin trade position
after price confirms bullish direction
We can see the fib ratios all lines out.
and a confluence at the reversal zone.
the trend line has been broken. which triggered my entry to the fib target. i'l chill and hope to bank my pips on this one
SO. this coming week, we can see GBPUSD STALLED AFTER COMPLETION OF THE AB=CD 88.6 CD LED EXTENSION.
my view:
if the price comes down to the 1.5646 level.
i will be loooking to buy based on [rice action in the zone. if theat doesnt happen
then i will be looking forward to the CRAB PATTERN COMPLETION
A Lot seems to be happening here with fibonacci ratios.
IF you know your fib ratios, you ll get the picture as this scenario isnt easy to explain,
there's only one way to know if you were right and thats by
TAKING THE TRADE
AS YOU CAN SEE, THIS PAIR HAS BEEN IN A STRONG DOWN TREND,
A POTENTIAL GARTLEY IS AOUT TO BE COMPLETE,
AS A WEEKLY TF, A TRADE WONT BE TAKEN IMMEDIATELY AS THIS IS AGAINST MY TRADINT PLAN,
BUT I WILL DEFINITELY WATCHOUT FOR PRICE ACTIONS WITHIN THESE ZONES,
EXCUSE THE CAP LOCK, IT JUST MAKES IT A BUT MORE READABLE.
