GBPUSD H4 - Multiples channels - Patterns projections

Some times, channels doesn’t give you an easy view of direction, but when many converge, it give you a warning to trade with extremely care.

I’m expecting a big up move for this pair and the Bullish Gartley pattern looks to be the time to enter long… will see

If the price hits the PRZ box of the bullish Gartley pattern, I will be watching for bullish divergence and reversal bar pattern inside that box to consider an entry setup.

Kommentera:

Correction: the pattern is a bullish Bat formation. PRZ box between 1.4204 and 1.4080

So I expect the price drop a little bit more to consider a long setup.