HARMONICS PATTERN ALL OVER GBPUSD 4H TIMEFRAME!
After having small profits from first target of bearish Shark pattern(Blue) now we have a possible bullish Cypher pattern on GBPUSD 4H timeframe(yellow).
As we can see the over-extended market is ready for a correction.Of course we are not expecting so deep correction immediately but a multiple wave correction,plus pattern is not yet valid.
We can easily short this market to previous structure as RSI,Fibonacci,Stochastics and previous structure agree on that but this article is about a longer term view.
In longer term we must not forget that the fundamentals favor a bearish bias as the Brexit issue is still on the cards and nothing has been decided yet.
POSSIBLE TRADE:
ENTRY PRICE WITH PENDING ORDER 1.2660
STOP LOSS AT 1.2560
FIRST TARGET T1 AT 1.2820
SECOND TARGET AT 1.2930
THANK YOU FOR SUPPORT!
KEEP FOLLOWING FOR MORE PROFITS!
HAPPY TRADING!
As we can see the over-extended market is ready for a correction.Of course we are not expecting so deep correction immediately but a multiple wave correction,plus pattern is not yet valid.
We can easily short this market to previous structure as RSI,Fibonacci,Stochastics and previous structure agree on that but this article is about a longer term view.
In longer term we must not forget that the fundamentals favor a bearish bias as the Brexit issue is still on the cards and nothing has been decided yet.
POSSIBLE TRADE:
ENTRY PRICE WITH PENDING ORDER 1.2660
STOP LOSS AT 1.2560
FIRST TARGET T1 AT 1.2820
SECOND TARGET AT 1.2930
THANK YOU FOR SUPPORT!
KEEP FOLLOWING FOR MORE PROFITS!
HAPPY TRADING!
Bình luận:
80 pips profit on shorting this pair from yesterday,not bad..
Bình luận:
Nice nice price action once again...Lets see if pattern completion will be valid...
Bình luận:
Price action as expected and nice profits for now..
Bình luận:
170pips at first target before hitting the stop loss..
Now we have a to wait for advanced pattern completion..
Now we have a to wait for advanced pattern completion..
Đóng lệnh: dừng lỗ
Happy ride traders...