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GBPUSD, The Impending Short

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We’re coming up towards the end of the final push, push 3. Looking back at the H4 timeframe, there is a Shark Pattern near completion. The D point of this Shark Pattern aligns with the long term resistance as well as a psychological whole number 1.24. There are other methods that also support the theory that price may reach the 1.24. The ab=cd pattern suggests price can continue to rally on towards the 1.24. Mentioned previously today, there was a 15min Shark Pattern which later came back to do a type 2 reversal that gives a trader a second entry to ride towards the 1.24. We may see a completion of the price objective by Wednesday next, until then sit on your hands and wait for price to do it’s thing.

Beaucoup Out.
Trade ativo
Target reached
Trade fechado manualmente
LQP was used as support to continue with the rally.
BeaucoupPips
AB=CDforexpowergbpusdanalysisgbpusdshortharmonicpattrenharmonictradersMultiple Time Frame AnalysisSharktradingforextradingideas

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AB=CDforexpowergbpusdanalysisgbpusdshortharmonicpattrenharmonictradersMultiple Time Frame AnalysisSharktradingforextradingideas
BeaucoupPips

Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.