If the market price goes as the same pattern as before, there is a possible market entry for sell position at GBP/USD Daily.
The price potentially build a gartley pattern in combine with fib retracement + fib extention.
Furthermore, the rsi and stochastic gave you a signals that the price has already in the overbought area, and potentially will go down.
In combining such method,place a sell order and aim the TP1 at the 1.30284, TP2 at 1.27624 and place a SL at 1.32910.
TP1 is the previous nearest support of a structure, and TP2 is the possible of D leg of gartley pattern including the price of where the 0.786 fib retracement is + mayor resistance (black line) + fibo ext of 1,272 which potentially make a D line of Gartley pattern.
Good luck, and Happy trading!! ;)
The price potentially build a gartley pattern in combine with fib retracement + fib extention.
Furthermore, the rsi and stochastic gave you a signals that the price has already in the overbought area, and potentially will go down.
In combining such method,place a sell order and aim the TP1 at the 1.30284, TP2 at 1.27624 and place a SL at 1.32910.
TP1 is the previous nearest support of a structure, and TP2 is the possible of D leg of gartley pattern including the price of where the 0.786 fib retracement is + mayor resistance (black line) + fibo ext of 1,272 which potentially make a D line of Gartley pattern.
Good luck, and Happy trading!! ;)
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.