CarlosPM

Finding Opportunities in a Mess

FX:GBPUSD   British Pound/U.S. Dollar
7 months ago
The GBPUSD             market seems to be setting 3 different potential harmonic patterns within the same area.

1) In blue we have a Cypher Pattern
2) In yellow we see a Bat Pattern
3) In red we see a Gartley Pattern

In a perfect world, we´d be able to sell the Gartley all the way to the buying point of the Cypher for example. We can only dream :D.

I will update this post with further analysis, as the market continues moving.
7 months ago
Comment: I just realised that the potential Bat Pattern doesn't meet the requirements to qualify as one.
The B point retraces and closes at the 0.618 level of the X-A move, this is well below the required range of 0.382-0.500.

My bad :P
7 months ago
Comment: Red Gartley trade is now active, with a small positive equity
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