moneymaking
Long

GBPUSD: BULLISH GARTLEY PATTERN (4 HR) !!

FX:GBPUSD   British Pound/U.S. Dollar
763 29 14
UPDATE #3: 2nd target has been hit. All positions now are now CLOSED for this setup. Good Trade overall :)

UPDATE #2: Target #1 has been reached. Stops move to break even.

UPDATE #1: Sorry for the late update everyone. The trade recently got active and the market has moved about +10 pips in the direction of our targets.

Hello Traders,

We've got a BULLISH Gartley pattern on FX:GBPUSD             that is close to the completion point. Market has placed in HH's and HL. Looking to jump on this bullish trend through this pattern, with a favorable risk to reward ratio. See the chart above for more details.

This fits in perfectly with Ivan trade setup idea, a good friend of mine. Do check out his idea and give him a HUGE thumbs up on his chart, he's really good :)

Here's the link to Ivan's trade idea:
Pair trade: Short NZDUSD, Long GBPUSD


OR you can click on the idea posted under the RELATED IDEAS section below.

Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Good Luck :)
IvanLabrie PRO
2 years ago
Nice!

snapshot
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moneymaking IvanLabrie
2 years ago
Yup, I just love it when 2 or more traders ideas match really nicely :)
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Nice pattern.
+1 Reply
moneymaking PriceActionTrading
2 years ago
Hey Price, yes, definitely good long opportunity :)
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fx1
2 years ago
a bullish cypher is also forming
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moneymaking fx1
2 years ago
Hey fx1, could you post a image of your chart, so that everyone can see what you are looking at. Thank you mate :)
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discman24
2 years ago
Today GBPUSD dips much larger than expected, kind of dipped under most entry point. Took out 2 of my SL. :(
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moneymaking discman24
2 years ago
Hey discman24, as Ivan pointed out below, there really seems to be NO reversal signs as of yet. Thus I do expect my stop loss to hit on this one. But I'll wait till the close for today before thinking about closing positions manually. Will keep you guys updated on this.

You just have to keep following your plan mate, losers will come, you just have to make a habit of not letting small losers affect your trading plan. Cheers mate :)
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IvanLabrie PRO
2 years ago
No sign of reversal here yet. I got out last night for -5 usd since it started looking ugly.
Wonder if it'll reverse today...
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moneymaking IvanLabrie
2 years ago
Yes, it does look ugly. It's unlikely to get a reversal on Fridays with no more high impact news coming for the rest of the day. After 12pm everything slows down.
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IvanLabrie PRO moneymaking
2 years ago
Only thing looking good is usdjpy, for a quick short.
Got any ABCD there?
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moneymaking IvanLabrie
2 years ago
Is it on 60 min mate?
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I didn't catch this Gartley but your Gartley and my Shark are both saying the same thing. I've been bullish on this pair since 24 days ago! Just been waiting and waiting for this damn B wave correction to finish. And I think your Gartley and my Shark are both pointing the way up now! And if right, it'll be a nice L-O-N-G ride up in a wave C!
UPDATE #1:ALERT: GBPUSD Bullish Shark Pattern Is In Play
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moneymaking EverythingForex
2 years ago
Hey Everything Forex, Nice patterns by the way. Market is coming back to test the previous structure (previous LH), See the chart below. If we can break and close above that, than we do expect the market to move towards our targets. All the BEST mate :)

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moneymaking
2 years ago
UPDATE #1: Sorry for the late update everyone. The trade recently got active and the market has moved about +10 pips in the direction of our targets.
+1 Reply
discman24 moneymaking
2 years ago
The sole surviving BUY order is still in play, gaining traction back up now. Hope to recover some tonight.
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moneymaking discman24
2 years ago
Yes, Let's hope for the BEST. Good luck mate :)
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moneymaking
2 years ago
UPDATE #2: Target #1 has been reached. Stops move to break even.
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EverythingForex PRO moneymaking
2 years ago
Great call, bro! I'm not even paying full attention to this pair right now other than glancing at it once in a while. I'm holding L-O-N-G for this wave C up. Using your gartley and my shark patterns pretty much as only signposts to go long. Thanks for the profit reminder though!
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moneymaking EverythingForex
2 years ago
Hey Everything Forex, All the BEST to you mate and Thank you :)
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IvanLabrie PRO moneymaking
2 years ago
Excellent trade!
+1 Reply
moneymaking IvanLabrie
2 years ago
Hey Ivan, Thank you mate :)
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TahirAli
2 years ago
Hi moneymaking,nice set up friend and good luck.
+1 Reply
moneymaking TahirAli
2 years ago
Hey Tahir, thanks mate. Already finished with 1st target, now at break even :)
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TahirAli moneymaking
2 years ago
I hope your USDJPY set up is going well too.I joined you guys yesterday @123.70 and bought back half of my portion with 65 pips profit and the trade is still on with the remaining half(Sl at break even).
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moneymaking TahirAli
2 years ago
Oh yes, the USDJPY short worked out really good. I also at breakeven myself. Let's see what we can get out of this. All the BEST to you mate :)
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pezq PRO
2 years ago
Good Call
+1 Reply
moneymaking pezq
2 years ago
Hey Pezq, thank you mate :)
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moneymaking
2 years ago
UPDATE #3: 2nd target has been hit. All positions now are now CLOSED for this setup. Good Trade overall :)
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