InsiderB

GBPUSD : Descending triangle ready for breakout

FX:GBPUSD   British Pound/U.S. Dollar
I think GBPUSD             will range for few more hours before breaking out. I could have done wave counts and predict the direction of trade, but elliot wave counts also fail. So, instead of playing predicting game, we can enter direction of breakout and if that happens to be false one, the other side move will recover the lost pips and give more pips than we lose.
For aggressive trading - enter long on trendline breakout ( yellow) but its risky n aggressive too !
So here am looking for a breakout, but we need to wait patiently !
Happy Trading !
Trade active: Bullish Breakout happened (late update)
Comment: Book your profits and if you want to trial, be very tight about that
Comment: Another Trade setup, harmonic patterns : ( in a hurry,so updating in same post)
snapshot
Comment: Both Targets achieved in gartley also, Enjoy Guys, we are having a very good day :)
Thank you and have a nice weekend :)
+1 Reply
really worth it to see your charts
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InsiderB PRO raoadnan84
@raoadnan84, Ah ! Thats nice one,thanks :)
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well done analysis :) ,, keep it up ,, you doing really professional work :)) ..all the best
:)
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InsiderB PRO AbodeaAlkin
@AbodeaAlkin, Thanks buddy , sure will do more :)
Reply
very good
+1 Reply
@MonishaP, Thanks
Reply
is that falling wedge??
+1 Reply
@fadlyy, No buddy, I prefer that as triangle
Reply
very good
+1 Reply
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