DayFarrell
Short

GBPUSD I SEE MAJOR SHORT

FX:GBPUSD   British Pound/U.S. Dollar
BASED ON THE PRESENT STRUCTURE, I SEE A MAJOR SHORT COMING ON. WHAT DO YOU THINK, THE CHART SPEAKS FOR ITSELF.
vern94 PRO
2 years ago
not sure weekly support has been hit. It might go north
+1 Reply
FaultyKid
2 years ago
So far so good!
Reply
pezq PRO
2 years ago
agreed!
Reply
DayFarrell
2 years ago
remember to make note in your journal of this pattern. treat it the same way you would treat other patterns, the only difference with this, you are still trying to establish the rules. i don't know what to call it, but for now i'm calling it the staircase. it has a retrace A of 61.8 - 88.6, then a triangle that has a retrace between 23.6-38.2, and an expansion of 1.272 - 1.618. take the time now and go through all the pairs on your platform and you will see what i mean. If you're the very smart type, do back testing and establish your rules, this is not the first time i've seen this sort of pattern. What do you think, have you seen it before?
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