GBPCHF: Potential Harmonic Gartley Pattern Short

British Pound/Swiss FrancFXCM

Description

⋅ May 26, 2020 6:06 AM

hey traders,

potential bearish gartley pattern is forming on GBPCHF on 4H.

projected D point of the pattern is lying on a strong horizontal structure resistance.

1.191 - 1.935 is our sell zone.
safest stop 1.5935

initial target 1.1873

Comments

Celaphiwe1

⋅ May 26, 2020 1:57 PM

Thanks i'm crossing through profit as i speak, perfect analysis. thank you.

ZahidHabib91

⋅ May 26, 2020 8:36 AM

Beautiful analysis
Good luck!

VasilyTrader

⋅ May 26, 2020 8:39 AM

@ZahidHabib91, thank you)))

Antonio_trader

⋅ May 26, 2020 7:55 AM

Nice chart Vasily! We also broke the downtrend line and 50SMA, so technicals look bullish. This morning Gove announced that UK is on track with re-opening schedule, so positive mood in the market.

VasilyTrader

⋅ May 26, 2020 8:38 AM

@Antonio_trader, good outlook!

MichaelWood81

⋅ May 26, 2020 7:09 AM

Very good idea!

VasilyTrader

⋅ May 26, 2020 7:34 AM

@MichaelWood81, thank you my friend)))

TradingExpertFx

⋅ May 26, 2020 7:03 AM

Perfect analysis bro!!!

VasilyTrader

⋅ May 26, 2020 7:32 AM

@DaniilSusanin, thank you 😊

VasilyTrader

⋅ May 26, 2020 6:07 AM

Will you trade this gartley formation?