Andy_Parrish

GBPUSD 15M - Potential Gartley Patterns Long & Short

Andy_Parrish Updated   
FX:GBPUSD   British Pound / U.S. Dollar
2
Hi all,

I'm looking at two potential patterns forming up on GBPUSD 15M, one long @ 1.4254 and one short @ 1.4322.

For the Long @ 1.4254
Stops below X
Target 1 @ 1.4285
Target 2 @ 1.4305

For the Short @ 1.4322
Stops above X
Target 1 @ 1.4297
Target 2 @ 1.4282

Targets to be adjusted should either pattern complete.
Trade active:
Short active.
Comment:
Note: Short Target 1 is currently 1.4298, Target 2 unchanged.
Comment:
Target 1 achieved for +24 Pips, Stops rolled to break even.
Trade closed: target reached:
Target 1 achieved, stops hit at break even on Target 2.
Comment:
Long Gartley pattern now invalid.

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