Monday, April 27, 2009

GBPUSD possible Gartley


Something to watch for. Possible Gartley sell pattern. My bias is still to the down side and I do a have a target of 1.4553 (.886 fib) and 1.4515 (dbl bottom). Neither of these targets would invalidate the Gartely pattern. Alternatively, if the upside penetrates the 1.4565 level I will then watch for new long tragets of 1.4690 and 1.4730.

I'm sure it'll go either way, up or down.....:)

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