PriceActionTrading
Short

GBPUSD SELL @ COMPLETION OF PATTERN

FX:GBPUSD   British Pound/U.S. Dollar
808 18 25
SELL @ 88.6% AND 161.8 %
COMPLETION OF PATTERN @ 161.8%
STOP LOSS ABOVE 100%.
INDICATED ON CHART.

EXPECT THIS PAIR TO HIT ENTRY WITHIN 12 HOURS.
LOOKOUT FOR THIS PAIR

CLICK THUMBS UP IF YOU LIKE THIS IDEA OR TO RECEIVE UPDATES.

D1
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bilk29
2 years ago
thank you.
+1 Reply
PriceActionTrading bilk29
2 years ago
thank you.
Reply
Andyle
2 years ago
Thanks. Look very potential
+1 Reply
D1 closed a nice bullish bar. More bullish action to come. I expect to short this pair @ 88.6% @ 1.5600. Give or take 10 pips.
That is best bargain price. One could short any price he wishes from here to 1.5600 but i only enter my trades at optimal point, for great RR and high probability.
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JoasJoel
2 years ago
thank you...
+1 Reply
PriceActionTrading JoasJoel
2 years ago
Don't thank me just yet. Have not hit my intended entry near 1.5600.. Will only enter there as i will put a 100 pips SL. But thank you for commenting.
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nezyrinfx
2 years ago
i have the same setup
Reply
ErrolMuller
2 years ago
Nice. Here is also something to look at
EURCAD 240M POSSIBLE BULLISH BAT PATTERN
+1 Reply
PriceActionTrading ErrolMuller
2 years ago
Nice chart Muller.
+1 Reply
Be careful my friend, pair reversed today sharply reflecting major players buying at lower levels usually for several hundred pips. Also USD is showing weakness across the board except CHF. If price closes above 1.56 daily I will enter long
+1 Reply
PriceActionTrading Realisto_FX
2 years ago
Yes josep. I will see what happens near 1.5600 before making any trades. Thanks for heads up.
Reply
12/6/2015 UPDATE :
STILL WAITING FOR 1.5600 REGION

POSSIBLE PATTERNS.
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tupaitrader
2 years ago
great!!
Reply
PATTERN IS COMPLETED ON THE H4. FOR THOSE WHO TRADED THIS PAIR, YOUR TARGET SHOULD BE THE 38.2 OR THE 61.8. SEE CHART BELOW. THERE ARE BIGGER PATTERNS AT PLAY HERE SO DO NOT BE GREEDY WITH YOUR TAKE PROFIT.
UNFORTUNATELY, I DO NOT GET TO TRADE THIS PAIR AS I LOST SIGHT OF THIS PAIR AND ALSO I HAVE SHORTED GBPAUD, 100 PIPS IN NOW.
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nezyrinfx PriceActionTrading
a year ago
it seems liek going to the higher ones...1.5740
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PriceActionTrading nezyrinfx
a year ago
the price was 10 pips short of hitting the 161.8% of the smaller H4 pattern. Right now move is uncertain but if one have traded the top of that pattern he should aim for 38.2% with stop around 1.5630. Price should hit at least hit 38.2%, also the 200sma H4, before more upside.
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BIGGER PICTURE HERE
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17/6/2015 update:
Price has moved passed the smaller pattern 161.8%.
Looking at this next pattern and fib retracement level @ 78.6 or 88.6%. But the bullish close on D1 is preventing any selling on my end.
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