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ollyt33
Feb 27, 2018 10:35 PM

GBPUSD Long  Long

British Pound/U.S. DollarFXCM

Description

Gartley completion at an area of daily support in the direction of the daily trend. This recent consolidation period acts as a pullback on the daily timeframe, forming a triangle pattern which we could see the breakout of soon (red line). This might pump to higher levels hence the 3 targets (0.382, 0.618, 4hr resistance zone). If wrong we shall be looking for shorting opportunities if we break below the support level (pullback to test as resistance, alongside advanced patterns or simple pattern breakouts etc.)

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