Gartley pattern complete, potential further downside for GBPJPY

21 lip 2018

Looking for further downside of rGBPJPY as the gartley pattern has completed which showed a pretty good downside as price had also retested a trendline which it previously down from.

The TPs are listed on the chart itself, TP 1 being 145.45 and TP 2 being 144.480
Important price range to observe price action would be 145.08 to 145.48
Fundamental news regarding the Brexit deal/negotiations and the potential rate hike in August will greatly affect the direction of the Pound.

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27 lip 2018

Zlecenie aktywne

TP 1 HIT! Price retested an extension of the channel before dipping down!
Look out for price action at the CZ to see if price will hit TP 2!

6 sie 2018

Transakcja zamknięta: osiągnięto wyznaczony cel

TP 2 HIT! Price retraced to 147 level after hitting TP . If you extended the channel lines, you will notice that it was a retest and would have been an optimum entry point.