The extended CD leg (in terms of time) may also suggest we trade down to the crab level 1.618 XA (1.5490), but on the flip side, if the trend is strong, we may find support at the 0.382 retracement (1.5670) of the rally from the 1.5230 lows.
Thursday, 16 February 2012
Trade Idea GBPUSD - Long 1.5660
Main problem with this would be the short timframe of the Gartley (m30) and the fact that we have not yet reached weekly ATR.
The extended CD leg (in terms of time) may also suggest we trade down to the crab level 1.618 XA (1.5490), but on the flip side, if the trend is strong, we may find support at the 0.382 retracement (1.5670) of the rally from the 1.5230 lows.
The extended CD leg (in terms of time) may also suggest we trade down to the crab level 1.618 XA (1.5490), but on the flip side, if the trend is strong, we may find support at the 0.382 retracement (1.5670) of the rally from the 1.5230 lows.
