GBPUSD| 65% Accuracy On This Beautiful Gartley...
Our analysis on GBPUSD.
We have a Gartley formation soon to be completed on this counter trend trade.
Based on historical price movements there is a downtrend in price with lower highs and lower lows
The structure point of 1.2700 seems a solid price reversal point, but seems to have been broken. We will need to monitor price action in this zone before confirming whether it is a false breakout.
As of now, await a reversal sign on this gartley. If a bullish candle does appear we have good reason to go long one last time before price heads down again
TP targets: Only enter if bullish candle appears. Monitor your own trade, as this is likely to form a butterfly if the gartley fails
Learn the trades here!
www.patreon.com/indigotradinggroup
Good luck
We have a Gartley formation soon to be completed on this counter trend trade.
Based on historical price movements there is a downtrend in price with lower highs and lower lows
The structure point of 1.2700 seems a solid price reversal point, but seems to have been broken. We will need to monitor price action in this zone before confirming whether it is a false breakout.
As of now, await a reversal sign on this gartley. If a bullish candle does appear we have good reason to go long one last time before price heads down again
TP targets: Only enter if bullish candle appears. Monitor your own trade, as this is likely to form a butterfly if the gartley fails
Learn the trades here!
www.patreon.com/indigotradinggroup
Good luck