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SanctuaryMirror
May 10, 2017 10:09 AM

GBPUSD DAILY SHORT 

GBP/USDOANDA

Description

I saw an oportunity on harmonic formations. Waves in my opinion connect to 2 harmonic patterns with close to itself Price Reversal Zones.
Confluention is nice. It's also connecting with 50% level of the weekly last wave, and weekly trendline. Its 3rd hit in trendline, so this is the place where i am interested. If prz broken, still can go long after trendline breakout. On 4h chart we have flag, thats why i am thinking about this level of CD to be reached, and i would support it with RSI signal.

Additional Tip. On my broker, 50% of XA is reached by AB on bat formation. That's why i still consider it valid.

Please, comment and add something for yourself, I would be glad to hear your opinion.
Thanks for your time and effort! :)
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