GBPUSD - Bearish Gartley

Before we go into this chart, there is 2 setup in the 4-hourly chart(UTC +2). A Bearish Shark Pattern and Bearish Gartley Pattern are complete close to one another. It could be a challenge to spot that Gartley Pattern, give it a try as the chart wasn't as clean as this one.

The reason I'm sharing the 1hourly chart Gartley Pattern is that it is much cleaner and it will complete before the 4-hourly chart.

The Bearish Gartley Pattern is complete within the sell zone and what's nice about this setup is that if the market violated the Gartley Pattern, it will also violate the sell zone.

Note

Point C is a warning sign. For setup with such a high win rate, is really a party pooper!!

Candlestick confirmation is just as important as other charts.

RaynLim

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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

RaynLim

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