A unified gartley has just completed on gbpusd.
Trade plan: entered long @1.20805 with sl @1/20405(40 pips) and tp @1.21205(40 pisp).
Statistics:
Over the past 20 years a pattern with these B-point and C-point ratios appears 29 times on GBPUSD,30 if the swings are identified with prex(6) algorithm. The best expectancy of 0.2936 of the Risk is acheived if the entry is placed @0.7XA(limit order), stoploss is placed @1.1XA and target is equal to risk distance. Historically average RR ratio is 1.34, the probability of win is 55.17%
Comment below if you think it is a good idea to share statistics of a pattern in description. Let me know if am to do it in future:)
Trade plan: entered long @1.20805 with sl @1/20405(40 pips) and tp @1.21205(40 pisp).
Statistics:
Over the past 20 years a pattern with these B-point and C-point ratios appears 29 times on GBPUSD,30 if the swings are identified with prex(6) algorithm. The best expectancy of 0.2936 of the Risk is acheived if the entry is placed @0.7XA(limit order), stoploss is placed @1.1XA and target is equal to risk distance. Historically average RR ratio is 1.34, the probability of win is 55.17%
Comment below if you think it is a good idea to share statistics of a pattern in description. Let me know if am to do it in future:)
Trade closed: target reached:
nice winner here.
