GBPUSD Trend Continuation
Looking out for 3 potential trend continuation entry reasons here. Currently at the 50 EMA which might act as support. Potential entry reasons here might be a bullish engulfing candle close above the EMA as seen at the Gartley B point. Failing this, the next entry reason would be the cypher D leg completion. Entry reasons could be a limit order at the D point or wait for further confirmation (i.e. engulfing candle). If this fails we have a Gartley pattern to fall back on. The D point completes in an area of daily support and we might be on the look out for other reasons to enter the trade here (engulfing candles, RSI divergence).
Trade closed: target reached
1st target reach at .382Trade closed: stop reached
Break even
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.