From the technical perspective there is a possible Gartley Formation in the FX_IDC: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
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C-Point touched barely the 0.618 Fib! The Gartley-Formation is still intact. I'm waiting for D-completion :)