lukeboland
Long

GBPUSD: Advanced Pattern Confluence

FX:GBPUSD   British Pound/U.S. Dollar
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
Trade active: Entry order hit.
Trade closed: target reached: Target Reached :)
I like idea but doubt it on such short time frame. Possibly on daily
Reply
You're welcome. Do you only trade from the higher timeframes (Daily, Weekly)?
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out