FX:GBPUSD   British Pound/U.S. Dollar
677 10 15
THIS PAIR HAS SHOWN RESPECT FOR BEAR FLAG, AND TRIANGLE PATTERN..
40 PIPS PIN BAR REJECTION OFF
TOP OF RESISTANCE TRENDLINE
61.8%
TOP OF BEAR FLAG CHANNEL.

POSSIBLE ABCD FORMING.
TRADING THE CD LEG NOW WITH STOPS ABOVE H4 PIN.

CLICK THUIMBS UP TO FOLLOW THIS IDEA.

D1
snapshot

On a side note,
GBPJPY             SHOWING CONFLUENCE TO SELL GBP
POSSIBLE 2618
snapshot

Related Ideas

Andyle
a year ago
Nice mate. Good RR
Reply
Yahia.Awes
a year ago
Carefull, it might break downtrend line also...
Reply
PriceActionTrading Yahia.Awes
a year ago
Yea it could, Then we proceed with longs after confirmation on the daily timeframe if that happens.
Reply
Kingfisher1978
a year ago
Thanx for the setup
+1 Reply
GcNaif MOD
a year ago
nice, even i have a small bearish gartley on this, not expecting much ,but at least close to that lower trendline in black
Short on Bearish Gartley
+1 Reply
PriceActionTrading GcNaif
a year ago
Nice nice.
Reply
GcNaif MOD PriceActionTrading
a year ago
thanks mate, on the longer term i am seeing these 3 patterns, if it breaks that black trendline then orange one will be active and gonna trade the CD leg of it, if it reverses from that trendline then i m gonna trade CD leg of that green pattern
snapshot
+1 Reply
IvanLabrie PRO GcNaif
a year ago
Good framework.
Reply
Josphat89 GcNaif
a year ago
Nicely done mate
Reply
Idea still valid with false break of the bear flag ( channel ).
One could enter short at break of lower channel.
snapshot
+2 Reply
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