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JakubJirka

Is it too soon for Gartley? (Or may be bearish cypher)

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
JakubJirka  
FX:GBPUSD   British Pound / U.S. Dollar
3
0
GBP/USD might start to form Gartley pattern or bearish cypher pattern. Garley projection drawn. Based on negative data on both sides (US dolar retail sales and GBP consumer price index) it might involve higher risk for short position as current US news strengthen rate hike delay but from a technical point of view I would go short at current price for smaller profits and later on around D leg at around 1.49 zone.
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