Andy_Parrish

GBPUSD 15M - Potential Gartley Patterns Long & Short

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
54 0 2
Hi all,

I'm looking at two potential patterns forming up on GBPUSD             15M, one long @ 1.4254 and one short @ 1.4322.

For the Long @ 1.4254
Stops below X
Target 1 @ 1.4285
Target 2 @ 1.4305

For the Short @ 1.4322
Stops above X
Target 1 @ 1.4297
Target 2 @ 1.4282

Targets to be adjusted should either pattern complete.
Trade active: Short active.
Comment: Note: Short Target 1 is currently 1.4298, Target 2 unchanged.
Comment: Target 1 achieved for +24 Pips, Stops rolled to break even.
Trade closed: target reached: Target 1 achieved, stops hit at break even on Target 2.
Comment: Long Gartley pattern now invalid.
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