Thursday, April 12, 2012

GBP/USD – Bearish Gartley Pattern – Daily Chart


Bearish Gartley pattern has formed on Daily GBP/USD chart.  Point D spiked just above 61.8% retracement of XA.
Average Daily Range = 146 pips.  Risk above 127.2% extension of XA.  Gartley would turn into Butterfly above X at 1.6063
Bearish Gartley - GBP/USD, Daily chart

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