Pattern within pattern, yes it is. We have Bullish Gartley pattern within triangle pattern, so I'm expecting a bullish move to upside till 1.2222's & depending on what happens in the zone GBPUSD may to 1.2325's. But there is so much of bearish sentiment in Gbpusd so, a downside breakout from triangle will be awesome. Check your tradeplan before taking any trade...
Kommentar
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Some have doubts about pattern within triangle. Guys, that pattern hit Target 1 , some 3 hours back, Now we are waiting for breakout only. The gartley isn't powerful so the upside move till 1.2325's looks hard.
Thanks man ! Look for 1.2320's & 1.2360's those will act as strong resistance, it depends on how price action reacts there.
btM_Afta
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I hope we can cross 1.2330 if we do im sure we can get 1.24 lets see !
AbodeaAlkin
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Hi can you please keep us up to data what do you think will happen ?
InsiderB
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@Abodea, Though it breakout upside, I didn't initiate any position I missed it. If we get bullish close above 1.2270's then only more upside move else its weak only ( goes down)
AbodeaAlkin
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Awesome!!, What about if it was bearish, which target that would confirm it goes down ? ,,,
InsiderB
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That went up so we will see in next post if any bearish chances arise !
raoadnan84
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Good to see you sir again, hope everything is fine on your side.
InsiderB
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Thank you rao. Yes everything is fine, had few personal commitments so took a break.