TradingView
Beebags
Aug 7, 2016 9:24 AM

GBPUSD: Advanced Pattern Confluence Long

British Pound/U.S. DollarFXCM

Description

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 :)
Comments
TTGold
I like idea but doubt it on such short time frame. Possibly on daily
Beebags
You're welcome. Do you only trade from the higher timeframes (Daily, Weekly)?
More