FullTimeTrader
Short

GBPUSD-bullish correction finished

FX:GBPUSD   British Pound/U.S. Dollar
946 14 6
From my point of view the correction is finished.
Looking at daly chart
snapshot

Its a perfect retracement at 0.61 fib retracement and key level 1.5500
Looking at H4 chart we have a gartley pattern (worked perfectly but i didnt see it) and a wegde breakout.
The price is now bouncing from the wedge , a nice chance to enter.
I want to be very conservative and placed the stoploss above 1.5500
You can also textbook trade the gartley alone and place the stoploss aroun 1.5620
Good luck.
Good luck
do you think it will go to 1.50 or even below?
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Hello, long term i expect the history will repeat this year
a big consolidation with some spikes, you can see the levels on the monthly chart
snapshot
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danndc FullTimeTrader
hoping for it to touch the 149 area and then going long
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danndc FullTimeTrader
do you think we have topped out at 15479?
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We should break that level sooner or later, the question is when. Right now looking i think we must go lower one more time.
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danndc FullTimeTrader
possible to 1.49?
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Yes!! a double bottom on W1 or M1 chart around that area would be great for a long, but it could take long time
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what is your thought after this move and after such a awfull data from UK?
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Level To Watch: #GBPUSD Down trend continuation

indeed!
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danndc MisterTrader
do you think it won't go above 15479? why did it do such a big jump up from 15330?
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Hello, lets wait and see what the market reacts................
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hi FT, this is what i m seeing on GU ,
snapshot
. i m waiting to short this from 1.55-1.555x aread
+1 Reply
Yes!! The bat pattern is valid also. I have noticed it but is prefered to trade de gartley patern based on D1 analisis first . Anyway, the 1.55000 level is key... lets see what the market does.......
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Same analysis. We also have a smaller crab pattern hitting here as well with a huge 4 hour divergence. Time for Yellen to make it move.
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