GBP/USD: Triangle breakout, now @ S/R, continuation to harmonic?
Triangle broke out to the upside (see linked idea), now at the S/R (not broken yet but I think it will...), looking for a retracement to enter long at a good position.
If we go further up I will be looking for a reaction at completion of the Gartley/Bat pattern with PRZ range between 0.786 and 0.886 of XA, preferably 0.886...
If it overshoots then look for a possible reaction at the 1.000/X for possible return to the S/R zone (and formation of 2nd shoulder of possible inverse H&S pattern...)
So: next possible short at the levels mentioned above, long in the meantime...
If we go further up I will be looking for a reaction at completion of the Gartley/Bat pattern with PRZ range between 0.786 and 0.886 of XA, preferably 0.886...
If it overshoots then look for a possible reaction at the 1.000/X for possible return to the S/R zone (and formation of 2nd shoulder of possible inverse H&S pattern...)
So: next possible short at the levels mentioned above, long in the meantime...
Comment:
Update here:
