DislikedPotential trade of the week: GBPAUD {image} We have many confluences happening around the 2.1000 - 2.0980 region. 1) 2.1000 even level 2) Gartley completion 3) Cypher completion 4) 1:1 harmonic move 5) Confluence of extensionsIgnored
I'm one of your subscribers from YouTube, at the beginning I would like to thank you for you great effort either here or in the YouTube.
About GBPAUD the setup that you posted is really promising one. I have been waiting for it before the C point completed.
I would like to post my chart here if that is okay.
* personally I think the "Gartley Patter" are the dominants here and all the others supporting our insight.
- To complete the Gartley pattern we expect the price to get down to level = 2.1010 & =2.0860 (Black V-lines).
- If the price get down to these level I think the best entery point would be =2.0933 (Green V-line) (Becasue it's a strong S&D zone).
- SL would be =2.0770 ( below X by 20pips).
- About the targets we can combined the to pattern respectively.
Best of luck.