GBPUSD - Bearish HARMONIC PATTERNS

Hi there fellow Trader,

Are you a big bear or a little bear? Maybe you're not a bear at all, in which case this setup is not for you!

There are two bearish harmonic patterns setting up on GBPUSD hourly timeframe. See below for my trade plan, complete with entry and exit prices.

Bearish Gartley (ORANGE):

Entry: 1.25450
Stop: 1.26050
Target 1: 1.24850
Target 2: 1.24470

Bearish Cypher (BLUE):

Entry: 1.26110
Stop: 1.26840
Target 1: 1.25270
Target 2: 1.25730

If you found this idea useful leave a like, it makes me happy! Also happy to answer any questions you may have on the setup and trading method.

Good trading,

Luke

Orden cancelada:

Price move lower below our A leg for both patterns, making them invalid now. No trade.