I am looking for counter trend trade on EURGBP. The market has recently formed a very nice double top with clear rsi divergence. my confirmation will be the bearish breakout of 0.918 support.
IF bears break below this level I will short the market. T1 - 0.91 T2 - 0.90
Good work. I am sold this Bearish Gartley on 15 min TF as a short term trade. As main target i was looking near trend line at 0.9190 that comes with your idea of sell confirmation 0.9180. And yes if that trend line will be broken we can see price to face the next resistance at 0.9090 - 0.9100. So totally agree with you. My chart as below. Thank you for sharing:)
VasilyTrader
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@KlejdiCuni, oh! Good pattern bro! I have also noticed it! Good luck!
KlejdiCuni
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@VasilyPonomarev, Thank you!
VasilyTrader
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Share you analysis on EURGBP here
Erland
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Your plan is valid and it should start tomorrow after UK GDP release. If GDP is poor - the pair will reach 0.928 and the drop will start next week. 0.90 target seems reachable as D1 supports are there and H4 MAs are there too.