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.
Hi Sir, by looking to the pattern completion, can you give a view whether it is working or not? The support at early of October is already at the same position as X
FxSaint
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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.
ForceFollower
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Yes, indeed, if it makes a pivot at your D. The problem is there are no signs of that yet.
FxSaint
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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...
ForceFollower
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I see your point. Today GBP has been quite weak. So you may be right indeed. Maybe we're talking about a correction only, but some shift in trends may be in the making.
FxSaint
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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 ;)