GBPUSD TRADE Read the description + notes on chart Long

British Pound/U.S. DollarFXCM

Description

⋅ Aug 23, 2015 4:18 AM

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

USD (US Dollar)kevindhaliwal alltradingideas Harmonic Patterns Fibonacci Fibonacci Retracement Trend Lines

Comments

moneymaking

⋅ Sep 1, 2015 3:30 AM

Beautiful trade mate, great work as always :)

KevinSinghDhaliwal

⋅ Sep 1, 2015 3:31 AM

Hey moneymaking, appreciate the kind words :)

IvanLabrie

⋅ Aug 24, 2015 1:29 AM

Nice Kevin.
Matches my gbpjpy outlook, a brief move up before a huge fall.
Do you have any patterns fitting there?

KevinSinghDhaliwal

⋅ Aug 24, 2015 2:01 AM

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

KevinSinghDhaliwal

⋅ Aug 24, 2015 8:57 PM

Target reached, short opportunity now

IvanLabrie

⋅ Aug 24, 2015 9:24 PM

It'll surely correct now.
I'll wait a bit though, no valid setup for me yet.

KevinSinghDhaliwal

⋅ Aug 25, 2015 3:05 AM

Yea no clear image yet, lets see. Will wait before shorting this as well

NashC

⋅ Aug 24, 2015 12:42 AM

What kind of stop loss did you place on this to complete the D leg?

KevinSinghDhaliwal

⋅ Aug 24, 2015 1:03 AM

Hi Nashim, I am guessing you are asking the SL once the patterns are completed? SL would be just above the X leg

NashC

⋅ Aug 24, 2015 1:08 AM

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