QuileHills
Short

GBPUSD ABCD + Trend Resistance

FX:GBPUSD   British Pound/U.S. Dollar
1074 17 31
7 months ago
A near perfect ABCD pattern forming on GU with it's "D" point exactly at my green channel resistance.

Entering with Sell Limit as shown.
7 months ago
Trade active: Entered with sell limit as shown.
7 months ago
Comment: Profit secured. SL moved to 1.4337
akshasuv
7 months ago
R u in the trade
Reply
QuileHills akshasuv
7 months ago
Yes. Busy day, couldn't update.
Reply
akshasuv
7 months ago
What r the rules for abcd pattern. Thank you
Reply
AhmadHassan745 akshasuv
7 months ago
Akshasuv, Here is a brief note on AB=CD pattern; I hope it will help you


AB=CD & Gartley Patterns // Educational ®
Reply
forexmech AhmadHassan745
7 months ago
Thank you ahmad
Reply
ChimbOt PRO
7 months ago
Disagree, bullish breaks out
Reply
QuileHills ChimbOt
7 months ago
We'll see how it plays out.
Reply
rainbowolf
7 months ago
A counter- trend trade. Do you use a trailing stop?
Reply
QuileHills rainbowolf
7 months ago
I often move my stop loss into profit at some point during the trade.
Reply
rainbowolf QuileHills
7 months ago
If you get a channel break, you could move it there.
Reply
QuileHills rainbowolf
7 months ago
My 22.8 fib (yellow/green border) will probably be my first point of securing profit.
Reply
rainbowolf QuileHills
7 months ago
Sounds good. Don't forget lots of data coming in tonight.
Reply
TAS TOP
7 months ago
With you man
GBPUSD could it be now?
+1 Reply
ahmedfx
7 months ago
Gbpusd Astrologie Analyse
Astrologie Analyse
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forexmech
7 months ago
Secured Profit on this one and was taken out in profit. If you check H4 do you think still good to short again.
Reply
QuileHills forexmech
7 months ago
I agree but I'm going to avoid entering on a Friday, especially this late in the trading day. I'll take close look Sunday and post if I see some potential still.
Reply
forexmech
7 months ago
Agreed . thanks Kyle
Reply
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