GBPUSD:Gartley pattern Nesting in the Butterfly pattren
The bullish Gartley pattern has nested in the bullish Butterfly pattern,and the D of the Gartley pattern has reached already,but the Butterfly pattern has not finished.
Also there is an unfinished bullish AB=CD pattern nesting in the Butterfly pattern ,and the D of the AB=CD is at the same level as the Butterfly pattern .
So if long positions have been opened for the Gartley pattern ,just hold the positons on and wait for profits. 1.230 levels maybe a good final target for the bullish Gartley pattern and then another Bearish Gartley is forming.
If the market breaks down the 1.213 levels unfortunately,then the D of Butterfly pattern and AB=CD pattern is another chance for long again.
Also there is an unfinished bullish AB=CD pattern nesting in the Butterfly pattern ,and the D of the AB=CD is at the same level as the Butterfly pattern .
So if long positions have been opened for the Gartley pattern ,just hold the positons on and wait for profits. 1.230 levels maybe a good final target for the bullish Gartley pattern and then another Bearish Gartley is forming.
If the market breaks down the 1.213 levels unfortunately,then the D of Butterfly pattern and AB=CD pattern is another chance for long again.
Comment:
The Shark pattern works at first.
Trade active:
The bearish Gartley pattern works.
Comment:
The market has broken through the neckline of the Double Top,and 1.226 level is a target in short term.
Now,another Bearish Gartley is forming.So it is a good chance for opening short positions at 1.228-1.230 levels.
SL:above 1.232
TP:1.125 and even more