GBPUSD Key Zone To Watch For Longs (Pending Bullish Gartley)

GBPUSD is moving into a corrective structure having already completed waves A & B after an impulsive up wave. Price is dropping completing wave C and soon will reach a very strong level where we may have the completion of the ABC corrective pattern. A buy setup completion in this level will probaly signal the beginning of a new up move. I will update if anything bullish forms in that zone. For those who have no problem with a bigger stoploss at the 0.786 fib retracement we have the completion of a bullish gartley pattern

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Kommentera:

Pending Bullish Gartley

Kommentera:

Price has reached the sell zone. We should now wait for a sell setup to complete based on a tested rules based strategy. I will personally wait for a wave pattern to complete at this level.

Kommentera:

** price has reached the BUY ZONE

Handel aktiv:

Although price has gone some distance from the time has entered the buy zone i had no setup completion till now that i do. So based on my strategy i will go with the setup below: