Compare to EURUSD, the GBPUSD Bearish Deep Gartley Pattern isn't as promising.
There are 2 reasons for that:
1) The candle break and close above Point D, the PRZ.
2) Point BC has a violation.
You can DM me on the reason for the violation and I let you know if you are on the right track.
However, if you are a 4-hourly chart trader, you can wait for candle confirmation to engage a counter-trend trade not because of a Double Top but a retest of previous high with RSI Divergence.
There are 2 reasons for that:
1) The candle break and close above Point D, the PRZ.
2) Point BC has a violation.
You can DM me on the reason for the violation and I let you know if you are on the right track.
However, if you are a 4-hourly chart trader, you can wait for candle confirmation to engage a counter-trend trade not because of a Double Top but a retest of previous high with RSI Divergence.
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🏦 Qualify Junior Analyst within 90days
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Live session & Trading Tips on the GO
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Disclaimer
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🕒 15mins workday for Young Parents
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
Related publications
Disclaimer
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.