At potential swing zone, if the market is ready then we should be seeing move to northern direction soon. This one should be definitely on your radar. Keep an eye on it for long positions.
Thank you for your comment ForceFollower, I really appreciate your input.... Although there is not sign in EurGbp yet but I can see GBP weakness across the market like GbpUsd, GbpJpy (both forming AB=CD pattern) GbpAud (forming inverted Gartley) etc... & EurUsd on other hand is still looking to hold & retest of 1.3780-1.3800 handle... Also EurCad, EurNzd looking to following northern direction, so overall picture seems to be Gbp weakness & Eur a mild bullish... so being hopeful here...
Yes on first instance to make some pip & make our ride risk free we should always look for some corrections, then if the conditions are okay then the big moves will follow itself. I m keeping my options open at this point & not aiming for mountains as easily this Gbp weakness can be over-rode & start becoming very strong. Its the case in Gbp & Nzd lately... its climbing & climbing & still climbing... Always feels better when PRO traders like yourself are on the same side ;)
Hey bro, no its not valid now. Many people only consider the validity of pattern only on its completion & other criteria's like not closing below so & so, & not violating so & so, etc etc.... but for me, patterns always represent the structure as well as time interval. Combination of both will give high quality trades, certainly in this case the time interval is already passed & I m not interested in it, I m not trading it. Also I m little busy with something at the moment, so I m not able to trade actively & also there is not enough trade setups of my kind lately so sitting on my hand pretty much. If you like my ideas than please visit again.