GBPUSD (H4): Gartley Pattern Formation

GBPUSD
Timeframe: 1D
Direction: Long

Confluences for Trade:
- Gartley Pattern Formation almost completed
- Stochastic Oversold momentum in both (H4 and 1D)
- Gap between 8EMA and 50EMA is quite wide, should narrow back
- Fundamentally, despite Brexit uncertainty, there was a glimpse of positivity that the Tories want to stand behind Theresa May and get through this.

Suggested Trade:
Entry @ Area of Interest 1.2830 - 1.2930
SL: 1.2969
TP: 1.3111
RR: Approx. 1.97 (Depending on Entry Level)


May the pips move in our favor! Good luck! :D

*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.

Comment:

Sorry, error in the posting.

SL is actually 1.2769. not 1.2969. For both technical chart and description.

Trade active

Trade closed: stop reached