Mandeep.Singh
Short

Bearish Gartley - GBP/USD

FX:GBPUSD   Pound Sterling/U.S. Dollar
30 0 2
Possibilities of a potential trend continuation trade on GBP/USD             with a gartley to the downside. The pair broke through 1.4496 zone, pulled back and continued moving down. The pullback has now formed a good point of resistance which I think price will come back and test depending on how NFP and other news plays out. If we can see pricing testing this level we could have a reversal at the completion of the D leg.

I will only be entering if there are oversold conditions and targets will be at 0.382 and 0.618. with good R:R ratio.
Order cancelled: Trade was not taken due to the spike from news event.
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