GBPUSD (Gartley Pattern) -1h Chart

Confirmations for Gartley Pattern
- A-B must touch 0.618 but cannot touch 0.786
- B-C must touch 0.236 but cannot exceed A
- D completion at 1.272 (Trend Extension) or 0.786 from normal measurement
- take profits at 0.382 and 0.618 (Fibonacci from A-D)

Good Trading

Comentário:

Perfect resistance at top
Good Trading. -1h Chart

Comentário:

I believe price is about to finally move from resistance and reach first TP
I used Trend-Based Fib Extension to measure retracements and get that major retracement at 0.786, price made a double top at that area and is now reacting
Good Trading. -15min Chart

Comentário:

First TP has been reached
We can expect bearish continuation
Good Trading. -15min Chart