TradingView
ChrisMark
Dec 25, 2016 12:41 AM

GBPUSD 4H Chart.Looking to buy abc correction Long

British Pound/U.S. DollarFXCM

Description

Hello Traders , Merry Christmas !

GBPUSD has given me very good trades so far as I was selling from 1.26850 (you can see my previous view here tradingview.com/chart/GBPUSD/mOZtUShG-GBPUSD-Daily-Chart-Sell-the-breakout/)
Now I am looking for buy setups near the previous lows, where a correction could start.Divergence in place.Also a lot of Harmonics could be formed.
1)A Bullish Cypher Pattern has formed now at 78.60% -->(1.22300).Will look for a setup to join.
2)A Bullish Crab Pattern at 161.80%-->(1.21586).This is the same level of the 88.60% of the Shark.
3)A Bullish Shark Pattern at 88.60%-->(1.21586) to 113.00%(1.20172).
Take care.
More