FX:GBPUSD   British Pound/U.S. Dollar
10 months ago
Price has put in a lower low, lower close on the daily chart , which gives me a bearish bias.
The C-leg of a potential bearish gartley is complete, and I'm now waiting to see if price reaches the D-completion for a shorting opportunity in the direction of the overall trend.

Given that the B-leg retraced as far as it did, the risk/reward on this one is fairly decent for a gartley .
I use a 1.13 fibonacci inversion for stop measured from X to A.

Remember to conduct your own analysis before placing any trade.
10 months ago
Order cancelled: The pattern is now invalid.
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