GBPUSD 4hr - A Bullish & Bearish Potential Pattern Trade

FX:GBPUSD   British Pound / U.S. Dollar
Here on the GBPUSD             we have two potential pattern formations setting up. A potential bearish bat formation & a potential bullish gartley .

Multi-Level Training Courses - Live Rooms - Community Chat - Private Q&A's - Accountability Sessions & Much More..

Social Media
Instagram - https://goo.gl/XdmyeF
YouTube - https://goo.gl/Zjtq4R
Twitter - https://goo.gl/bwSaQa
Nice one Akil! 0.886 lining up with some decent structure looking left too.
+1 Reply
@ChiNguyen, Thank you!
Hi Akil,
thanks for the analysis, this is a nice one.
What do you think about the PRZ to be reffered to as the zone enclosed by the three levels:
1 - .88 XA-retracement
2 - 1.27 AB = CD projection - since an AB=CD is mandatory for the pattern to be validated and
3 - 1.61 BC projection
If the price does not show any reaction on each of the three levels and ignores them all I skip the trade.
Happy pips
+1 Reply
@Nemo75, If you can be consistent in how you use it I don't see a problem with it. I used to do something similar for the Gartley and ran into a few issues with consistency since each trading opportunity was unique.
Hey Akil, just wondering if the purple pattern was a Gartley and not a bat? (B retrac at 0,618). Thanks for sharing!
+1 Reply
@Gl3n, Hi, for me it did not hit the 61.8 so it's going to be a bat and not a Gartley. If your data hits the 61.8, then it's going to be a Gartley instead.
Gl3n Akil_Stokes
@Akil_Stokes, ok Akil thanks for sharing your analysis!
+1 Reply
@Gl3n, No problem!
Vamonosky305 Akil_Stokes
@Akil_Stokes, Thanks for the explanation. I have it as a Gartley as well. But now that you mention; yes, the B leg doesn't touch the 61.8. I'm in the trade anyway at 1.3986. Thanks
+1 Reply
Akil_Stokes PRO Vamonosky305
@Vamonosky305, You're welcome
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out