ichthys.jc

GBPUSD possible Gartley Formation Upcoming 2 weeks

Short
ichthys.jc Updated   
FX_IDC:GBPUSD   British Pound / U.S. Dollar
From the technical perspective there is a possible Gartley Formation in the GBPUSD pair.

  • Clear XA Impulse leg and AB 0.618 Fibbonaci touch.
  • The BC leg is also almost complete.
  • wating for CD completion
You could say "we could trade the CD leg for some profits!" as a greedy person. Usually I would decline this statement BUT in this case there is a support on the C-level. You could trade that but personally I wait for the possible formation to complete first. Maybe short-term buy entries with some Dojis and the right candle pattern it would be possible to enter.

Thanks for watching :)
Would love to hear feedback!
Happy Weekend!


Trade active:
C-Point touched barely the 0.618 Fib!
The Gartley-Formation is still intact.
I'm waiting for D-completion :)
Comment:
unfortunetely it didnt trigger the D-Point :(
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