FX:GBPUSD   British Pound / U.S. Dollar
678 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
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On a side note,
GBPJPY             SHOWING CONFLUENCE TO SELL GBP
POSSIBLE 2618
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Idea still valid with false break of the bear flag ( channel ).
One could enter short at break of lower channel.
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+2 Reply
nice, even i have a small bearish gartley on this, not expecting much ,but at least close to that lower trendline in black
+1 Reply
Nice nice.
Reply
GcNaif MOD PriceActionTrading
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
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+1 Reply
Good framework.
Reply
Nicely done mate
Reply
Thanx for the setup
+1 Reply
Carefull, it might break downtrend line also...
Reply
Yea it could, Then we proceed with longs after confirmation on the daily timeframe if that happens.
Reply
Nice mate. Good RR
Reply
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