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Long

ALERT: GBPUSD Bullish Shark Pattern Is In Play

FX_IDC:GBPUSD   British Pound / U.S. Dollar
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There is bullish Shark pattern that has setup now in this pair within the long trading channel GBPUSD has been in now and COULD potentially signal the end of this consolidation and set for an explosive impulse wave up and out!

If you have been following my posts, you'll know that I have been bullish on this pair for a while now dating back to my post 23 days ago.

But just real quick for the purpose of this post is to send out an alert to those who are interested in this pair that there is a good opportunity to get LONG NOW for a potentially BIG move up that will signal the end of the wave B corrective wave of the larger ABC zigzag correction.

See my posts in Related Ideas for more on that. I'll also be doing a more in-depth analysis on this pair over the weekend so stay tuned!
Where entry? SL and TP?
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I am not here to give a trading signal or trade call. Only to help trader's learn to trade for themselves. In trading harmonics patterns, there are defined PRZ where you can choose to place your own entry orders, and S/L. Each person must trade their own plan as each person's risk tolerance is up to them. For the shark pattern, I placed the fib extensions on the chart and the S/L can be quite large. up to you where you want to put it. As for take profits, harmonic patterns all have TP1 and TP2 at 38.2% of the pattern and 61.8%. I usually will show those on the chart upon seeing that the pattern is holding and valid and post that in a follow-up post.
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