Hi Traders,
Doing my pre-week analysis and found this nice looking setup. There is a Bullish Cypher and a Bullish Gartley completing at the same level at 1.29850. Keep in mind that the safest place for a stop on this setup is underneath the post-Brexit spike low on the far left of the chart. Depending on your risk threshold, this may or may not be a valid trading opportunity.
Entry: 1.29850
Stop: 1.28300
Target 1: 1.31690
Target 2: 1.32860
If you found this idea useful, leave a like or comment, it is always appreciated.
Have a great trading week, and always stick to your trading plan!
Luke
Doing my pre-week analysis and found this nice looking setup. There is a Bullish Cypher and a Bullish Gartley completing at the same level at 1.29850. Keep in mind that the safest place for a stop on this setup is underneath the post-Brexit spike low on the far left of the chart. Depending on your risk threshold, this may or may not be a valid trading opportunity.
Entry: 1.29850
Stop: 1.28300
Target 1: 1.31690
Target 2: 1.32860
If you found this idea useful, leave a like or comment, it is always appreciated.
Have a great trading week, and always stick to your trading plan!
Luke
Trade active:
Entry order hit.
Trade closed: target reached:
Target Reached :)