EverythingForex

UPDATE #2:GBPUSD: Adding Completed Perfect Gartley Finish Wave 1

FX:GBPUSD   영국 파운드/미국 달러
In 2 of my previous posts on this pair, I had called for an end to wave (i) of wave C. Well, seems I was premature to say so and with the recent PA, I've had to re-analyze the sit-rep and reconfigure my wave count.

Recent PA also invalidated the POTENTIAL bullish cypher I had drawn before (I removed it now but if you want to see it, see my posts in Related Ideas section). The perfect Gartley is still valid and I've added an alternate .886 D point for the Gartley. To which prices have already hit. As can be seen here, .886 point is also the top of the trend channel prices are in. With the .886 Gartley D point and the top of the trend channel confluence, this could signal the beginning of the wave (ii) retracement I'm looking for.

SUMMARY

I was already SHORT from the perfect Gartley D point at .786 and since prices as it is are well within the PRZ of that Gartley, I am holding onto those SHORT positions anticipating a move down. I have actually added another SHORT position at the .886 D point and channel top.

*DISCLAIMER:
Please keep in mind that I am not giving any trading signals here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!

If you like my posts and find them helpful, please take a second to hit that LIKE button and follow me so I will know my posts are useful to you. Doing so will encourage me to post more! As always, all comments are welcome.
Agree or disagree. Good luck!

SPECIAL Report on the S&P 500. Read it here. It's FREE: bit.ly/2KGJ409spx818
Mailing list: bit.ly/2iNieEY
Facebook Group: www.facebook.com/efxselect
Twitter: @andrewefxselect
Website: www.efxselect.com
면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.