GBP/USD: 2 possible long entries

FX:GBPUSD   British Pound/U.S. Dollar
168 0 10
6 months ago
2 possible long entries:

1) Long entry at 0.618 retracement of last up move (CD of possible AB=CD ) to complete a 3 drives pattern...
2) Long entry at Quasimodo support.

SL below Quasimodo support for both.
WATCH OUT: Back to Quasimodo means we break the 'up' trendline and could mean the downtrend will resume, therefor for the highest entry one could consider having a tighter SL, namely below the 'up' trendline...

Target can be either the 1.27 ext. of the last up move, which is close to the completion point of a possible new AB=CD and thus 3-drives pattern and a possible bat (at 1.41 ext.) OR where price reaches the 'down' trendline (which is the safer option)... Examples are on chart.

Possible Gartley drawn in the background in green...
6 months ago
Comment: Possibly missed my entry earlier..., let's see...

If so possible buy on break of recent downtrend...
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener 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 Billing Sign Out