KevinSinghDhaliwal
Long

GBPUSD TRADE Read the description + notes on chart

FX:GBPUSD   British Pound/U.S. Dollar
Hi everyone we have potential patterns lining up with the trendline. This pair broke resistance and now looks like it is acting as support. My long setup has a target towards 1.57614. The green pattern lines up with the trendline, the blue one actually finished around 1.586

Lets see and Good Luck
NashC
a year ago
What kind of stop loss did you place on this to complete the D leg?
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KevinSinghDhaliwal NashC
a year ago
Hi Nashim, I am guessing you are asking the SL once the patterns are completed? SL would be just above the X leg
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NashC KevinSinghDhaliwal
a year ago
Was on about what SL would be needed to invalidate the D leg of the gartley, decided to catch the wave up with you
Thanks
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NashC NashC
a year ago
Or would a SL not be necessary in this case?

And thanks for the prompt response, keep up the amazing work
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KevinSinghDhaliwal NashC
a year ago
Once the price reaches the D leg, the pattern is triggered and valid. Which makes me put my SL above the X leg (for both patterns).The actual patterns should be finishing above the trendline, but many times I base my patterns around the trendline (green pattern). So lets see how the price acts around the trendline. hopefully this answers your question. And thank you for the kind words :)
+1 Reply
Nice Kevin.
Matches my gbpjpy outlook, a brief move up before a huge fall.
Do you have any patterns fitting there?
+1 Reply
KevinSinghDhaliwal IvanLabrie
a year ago
Hi Ivan, I currently don't see any patterns setting up on GBPJPY but yes same idea as gbpusd. Lets see how it works out. Should work out pretty good
+1 Reply
Target reached, short opportunity now
Reply
IvanLabrie TOP KevinSinghDhaliwal
a year ago
It'll surely correct now.
I'll wait a bit though, no valid setup for me yet.
+1 Reply
KevinSinghDhaliwal IvanLabrie
a year ago
Yea no clear image yet, lets see. Will wait before shorting this as well
+1 Reply
moneymaking
a year ago
Beautiful trade mate, great work as always :)
+1 Reply
KevinSinghDhaliwal moneymaking
a year ago
Hey moneymaking, appreciate the kind words :)
Reply
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