TomProTrader

GBPUSD: Many Harmonic Patterns To Consider When Trading This!

FX:GBPUSD   Pound British/Dolar U.S.
792 28 13
Friends

Many harmonic patterns on the GBPUSD             pair giving you profit targets, if you're planning to go short, or you are already short.

This is my harmonic analysis on the pair.

I will be providing a swing trade analysis for non harmonic traders on my next post :-)

Best of luck,
Tom
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hello Tom! what u think about Apple???
Balas
Hi I think your cypher pattern is wrong. I am sorry if your offended. I thought i should say you.
+3 Balas
LOL!... Can I add, the maximum extension is 1.414... And the one on this website, they've posted as a "analysis" is a 1.936 extension...

Since you still feel right in your ways, i'm going to leave you some educational links, since harmonic trading isn't for you at the moment.
Balas
petermp25 TomProTrader
Well can I add that i decided to go and look at this "analysis", and i assume youre referring to this one: http://simplychartpatterns.com/2013/11/13/will-the-cypher-stop-the-aussie-bears/ And you obviously assumed that just because the trading view XABCD tool showed 1.934, that the extension they took was a 1.934. Well, I also decided to go and look back to find this pattern and oh look, they had their ratios correct and maybe you shouldnt base your ratios on the Trading View XABCD Tool
Balas
admin TomProTrader
Fixed:) The system decided that this is spam links.
+1 Balas
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