Chartistry

$GBPUSD | Geo Near Completion

FX:GBPUSD   British Pound/U.S. Dollar
180 0 11
3 months ago
Hello Traders,

$GBPUSD has created points 1,2,3, 4, and is now looking to complete point 5. As always, to define the possible path that price may lead before falling back down I use an AB=CD pattern between points 2-3 and 4-5. In this scenario, I am expecting price to be stopped short of the AB=CD pattern at the 0.114 level. From there I expect the highest probability target to be point 4 (Geo's Off-Set rule #2) and the 1-4 line (not shown on chart) as the next highest level of attainment.

Best,
Chartistry
3 months ago
Comment: Geo's Off-Set rule at point 4 was just missed. This trade is complete.
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