FX:GBPUSD   British Pound / U.S. Dollar
4
GBPUSD is finishing a bullish crab pattern. I have marked where the pattern must finish to be valid with a yellow box. This crabs D point is in confluence with the C point of a big Gartley pattern! You can also see a bullish divergence in the CCI and potential trend reversal with a break of the pink dotted line on the CCI. This will give us our long entry. Since CCI is a leading indicator this will almost always give as an earlier conformation and entry than if we waited for the price to break the trend line. The price has also just broken the 1/8 Murry's Math line and they 0/8MM line (which is the strongest s/r of all they MM lines) is in confluence with the C point of the big Gartley! I use the Woodie CCI system to manage my trade but I always have a hard stop and TP as I showed on this chart. This is what my setup looks liuke on MT4. Good Luck :) gyazo.com/51eb1da871...6f897ca0be62bad7643d
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.