If the price failed to break the red area then there is a possibility for another test to the downside at least for retesting the last low.
Bullish gartley completion gave us an early sign of a bullish movement. if the price broke the green area then the price will have a greater possibility to resume its upward movement.
This is a decent opportunity to test out to short GBP. Nice risk &reward ratio. Lets see which direction does the price go on Monday before executing the trade
Purple line is weekly trend line and it is near the resistance zone so we could expect the price will be retesting the resistance area before continuing its downward movement. Target 1 will be the blue area and Target 2 is the green area
This is a good opportunity to take a chance in upcoming UK election.. Positive RR ratio.. I think its not a bad idea to test this out..
The trendline already broken and tested. Double top shows a high probability short trade..
D leg completed right at daily support.. This give us a good risk and reward ratio
IF the price stops and show reversal candles at 101.69 then it will confirms the completion of the pattern
Failed to break below the trend line means high probability for dollar to recover.. Watch for 100.. Break below 100 will keep the downside momentum intact. Bullish momentum only valid after breaching 100.50.
Gartley potential setup IF the price did not break the black trend line.. Let's see how it plays..
There is a bullish divergence in 4H chart. There is a good risk and reward ratio if the position opened near support area
If the support holds then it will be a great trend continuation trade until reached 1.235 - 1.2400
I'm currently waiting for long entry after the price breaking the red dashed trend line
A high probability trade if the pattern complete.. D point will be completed at 78.6 fib retracement and resistance confluence zone
Just keeping record for my trading basis
I saw a bullish gartley potential if the price broke the 1.24500 level
There is bearish gartley possibilities on H1.. watch out for high volatility movement