Gartley & ABCD on GBPJPY Daily TF
The current trend is controlling by bear which is pretty obvious concerning the fundamental issue. So I'm expecting the market may fall more. There is also a Gartley completing around 171.5 and a ABCD completing around 171.12 which can be a good point to buy the pair.
But before that, let us have to wait to break the golden ratio 61.8% which is around 176. Else, we may end up another upward movement soon.
Recommendation:
Buy from 171.50
SL 167.50
Target can be 178.00 & 183
Good R:R can be found.
But before that, let us have to wait to break the golden ratio 61.8% which is around 176. Else, we may end up another upward movement soon.
Recommendation:
Buy from 171.50
SL 167.50
Target can be 178.00 & 183
Good R:R can be found.
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