we may have a triple top in the gbpcad thanks to some nice price action over the last few hours... the 1.618 BC is in-between our butterfly and bat targets, and confluence is a bit messy.
with B @ .618 then we're looking for either a gartley or a butterfly, but as confluence is pretty bad for a butterfly then i'm going with a gartley. If the gartley fails, ie above X, then i wont be looking to resell for the butterfly.
bearish candles are the deciding factor for a short position for me along with the potential triple top.
with B @ .618 then we're looking for either a gartley or a butterfly, but as confluence is pretty bad for a butterfly then i'm going with a gartley. If the gartley fails, ie above X, then i wont be looking to resell for the butterfly.
bearish candles are the deciding factor for a short position for me along with the potential triple top.
Catching a falling knife, no, I'm just trading the Gartley!