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dylancowan
Oct 14, 2015 7:56 PM

End of Gartley Pattern w/ Long-term Resistance Short

British Pound/U.S. DollarFXCM

Description

GBP/USD has completed Gartley pattern, looking for a retracement to .382 where TP 1 is. May continue bearish until .618 retracement at TP 2.

There is a long-term trendline that has acted as resistance. With two previous failed attempts to break. Nice set up here. Stop loss should be above trendline.

Comment

TP 2 was hit. Successful Trade.
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