FullTimeTrader

GBPUSD-bullish correction finished

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

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