Art_of_Trading
Long

GBPUSD: Gartley / Time for BUY!

FX:GBPUSD   British Pound / U.S. Dollar
On FX:GBPUSD             , we are having sideways market on 4 Bars. There was dramatic fall yesterday, because of people reaction on news. They panicked all and SELL, but the question is when they will get their profits or new buyers step in. In both cases. GBP will go up and gives an opportunity to go long.

We have a structure low at 1.5136, which is a X leg of Gartley Pattern . This harmonic pattern gives a Buy signal; it is at 127% fibo extention. Thus, from the price action analysis and Gartley pattern we have a entry, SL and TP zones. However, more conservative traders can wait for price confirmation, when it reversed and then enter this trade.

P.S NFP News , High volatility expected and better be careful at those times.
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