GBPJPY: Gartley + Channel + MAs crossed (on W): I'll LONG it!
It could be really good trade:
Let's hope for a best!
Attention: GBP is very dangerous asset - could falls dramatically anytime. So, it is high risky trade. If you weak in Risk Management, new trader or prefer to avoid a risk - better stay away. Always enter based solely on your own rules and vision. My setups often are completely wrong.
- quasi Gartley pattern (you can see xD= 0.957, classic Gartley has 0.786)
- descending channel, however, price has came into upper part of a channel
- MAs 44&77 has crossed on Weekly (we previously has seen how good it worked on Gold Daily chart).
Let's hope for a best!
Attention: GBP is very dangerous asset - could falls dramatically anytime. So, it is high risky trade. If you weak in Risk Management, new trader or prefer to avoid a risk - better stay away. Always enter based solely on your own rules and vision. My setups often are completely wrong.
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The dangerous asset. A rigorous risk management is mandatory.