TheAlcoveFx
Long

GBPUSD Patterns Patterns Read All About It !

FX:GBPUSD   British Pound/U.S. Dollar
Hey Traders,

Hope trading is going extra swell, we are grinding out of our drawdown so lets hope for some winners! We have a few small pattern formations that you can take advantage of on lower timeframes, the Bat already hit targets one so that wouldn't be valid for me, but who knows, maybe some of you have different techniques and you can macgyver some profits out of there. The Gartley is perfect for me because I was waiting on a double bottom so we can get in Long on a TCT ( Take a look at what Im expecting for GBPUSD             on the related idea )

So if we can get a press down lower I will be conservatively buying at the valid completion of a double bottom at the D completion of the Gartley with Targets at the 38.2 retracement of the large pullback, and second targets at the cypher completion. I also point out we are looking for RSI divergence to confirm this trade as well.

Like always, If you have any questions feel free to comment below,
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