TP2 : 135.24
Final TP: At point D (Do take profits along the path to D)
SL: Below X 30 to 50 pips, got to respect GBPJPY volatility.
Pattern: Possible formation of Gartley to point D. 140.35, taking profits along the way should the pattern follows.
Position entered 100.40
Gartly Pattern showned
Entry Price: 100.39
TP2 : 102.28
SL: Below 20 pips below X
Rationale: Good risk reward ratio above 3.
Also, X was not violated during early trading in asia time zone.
Waiting to long GBP AUD at 1.7320 to 1.7330
Trend line support
RSI. Stoch registering quite low, might have a rebound soon after hitting trend line.
Past few weeks GBP AUD has AB = CD patterns.
AB=CD Move for oil possibly
Still waiting patiently for oil to be at the level of 45.33 to 45.55 range.
Stop Loss: 44.90
Entry 45.33 to 45.55
1st TP 47.33 (0.382%)
2nd TP 48 (0.5%)
3rd TP 48.63 (.618%)
Steep downside pin bar also sugges that its still negative for Oil..
Risk reward seems resonable as well.
AUDNZD has moved up above the green line. Hope it stays that way then we will see a very nice Gartley Pattern.
Entry above: 1.0371 enter progressively in case it goes back below the green line...
TP : 0.382, 0.618
SL: Below X 10 to 20 pips
Lots of news over the next few days for AUD and NZD
Still a long awaiting Bullish Garltey Partern.
SL: 10 to 20 pips below Point X (1.0313)
Has to clear the green channel line for potential BO.. still waiting...
Potential Targets after Point D.
1st TP: 1.0478 (0.382%)
2nd TP: 1.0526 (0.5%)
3rd TP: 1.0578 (0.618) Fib
For discussion purposes only, plan your ...
Potentially a Bearish Butterfly Pattern
Long then Short GBPUSD.
Might reach Point D: 1.35 then retrace
At Point D
0.382% (1st Target)
0.5% (2nd Target)
0.618% (3rd Target)
for discussion only