shah-n

Potential Bearish Gartley @ 1.4167 & Potential Bearish Bat

Short
FX_IDC:GBPUSD   British Pound / U.S. Dollar
1
This pair has been bearish for quite sometime, The next level of structure is at 1.3855, Question is how do we get their. We have a potential deep bearish Gartley completing at 1.4167 which offers great risk/reward, if that fails we have a potential bearish Bat completing at 1.4284.

Conventional targets at 38.2 & 61.8, stops above X.

Personally, my first target is at 38.2 and my second target I will trail my stops aiming for extended targets at next structure level.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.