Potential Gartley pattern for a long-term GBPUSD long position.
Expect to open a long position by Monday, 15.07.2019. SL and TP as per chart. more details below in comments.
This is a long term position, target expected to be hit by mid-2021.
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Fork and Indicator disposition as per below. Confirmation not yet here therefore, open a position now is very risky. Confirmation would arrive one the indicators turn up and a reversal candle is plotted on monthly TF.
However, as it is a long-term one, I don´t mind to jump in now as R/R is high anyway.
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SL not hit yet but the whole thing looks very bearish.. Specially, when the DXY has probably already turned up and the GBP is clearly lagging
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Surprisingly trade is still alive but, of course, targets have changed.
Expecting so see a competion of triangle at around 1.35