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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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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BIGGER PICTURE HERE
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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
it seems liek going to the higher ones...1.5740
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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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great!!
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12/6/2015 UPDATE :
STILL WAITING FOR 1.5600 REGION

POSSIBLE PATTERNS.
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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
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Yes josep. I will see what happens near 1.5600 before making any trades. Thanks for heads up.
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Nice. Here is also something to look at
EURCAD 240M POSSIBLE BULLISH BAT PATTERN
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