Gartley and Butterfly

٢٩ سبتمبر ٢٠١٥

Good day traders, here on GBPUSD 15min chart we have 2 potential harmonic pattern and as is it looks like the Gartley will possibly be an invalid pattern once the X leg is violated which will then lead us into the hands of a butterfly but we will patiently wait. The 15mins is not my ideal time but if it meets my rules then its trade-able and if the Butterfly is your baby then this will be your reason for market entry.

We have
AB=CD completing in the Potential Reversal Zone
Fib confluence 161.8, 2.0 and 127.2 powerful ratios
Psychological No

Disclaimer
This is not a signal service but my ideas....lets bank those pips