GBP/USD analysis | Buy trade following a 3 Drive pattern | Keon Consultancy
- KeonConsultancy.com
- Jun 30, 2020
- 1 min read
Updated: Jul 1, 2020
As you know that 3 Drive is a reversal pattern, it may cause at least 30% move if it doesn't complete its classic target. The classic target is swing high of the last drive. But, we will already close half of the position at 1/4 of the whole 3 Drive and rest half at 30% of the whole 3 drive because D1 trend is still bearish.
Here is what we see on H1 and H4 time-frames and how we entered.


TP2 reached too.
Half of the position was closed at Tp1 and I moved SL to BE.
TP1 reached.