FX:GBPUSD   British Pound / U.S. Dollar
A potential bull unified gartley is setting up. It is seen by cci (14,100,-100) and prex(10) reversal algorithms. Oscillator wave confirmation algorithms are frequently used by Ellioticians and prex algorithm is a universal algorithm used by the majority of traders.

If you have this pattern in your trade plan then...

buy in 1.3054-1.3001 zone. if the zone is crossed then the pattern didn't work. first target is 1.3100, second target is 1.3128. The targets are adjusted if price action goes deeper into the yellow zone(restretch the fibs to fit priceaction and find new 0.382 and 0.618 levels).
Comment: the buy zone was crossed. the pattern didn't work.
This pattern was found by the MPS-5.2 pattern recognition software: https://goo.gl/viM3Ya

Black Friday is soon: http://ps-software.net/black-friday/

My Youtube channel: https://www.youtube.com/user/alexniquitos?sub_confirmation=1
Alexander, once your pattern has hit completion what are you looking for in your buy zone to confirm your trade. Or is it a case of pattern completes and you then set your trade ?
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@surefire-ltd, it depends on the cd-leg.
if it has no wide expansion bars, gaps and tailcloses then I anter with a limit order at the D-point. Else I look for the first bar in my direction that closes outside of the previous bar range.
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is it still valid?
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@vponda, what your trade plan says?
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nice as usual:)
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@lnsitpwv, thanks
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thank you, master
Reply
@alyzflfe, you are welcome:)
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