Peniding Bearish Gartley Pattern at AUDCAD

FX:AUDCAD   Australian Dollar/Canadian Dollar
Price broke an impulsive wave better seen in a higher time frame and now is at the begging of a coorective structure. A bearish gartley pattern is about to complete giving us a good sell setup.
Trade active
Trade closed: target reached: First target reached. We may now move stoploss at second trade to breakeven for a risk free second trade.
Trade closed: target reached: Second target reached.. This setup worked well..!
Hmmm the trade worked out but I dont think that's a valid gartley at all...no issues with tweaking the rules a little but i think this was way off.
anyways.,.whatever works for you i guess..cheers
Fxprotrader PRO anthony.pham00
I am really suprised reading that this way off.. can you please explain why this pattern was invalid? No offense at all.. Thank you for your comment..!
anthony.pham00 Fxprotrader
yeh same..dont mean to offend as well....and i take that back whhen I said "way off"...I rechecked one of the legs which was ok.
However the BC leg. I could be wrong but shouldn't the BC leg be a 61.8% retracement of the AB Leg
It looks like it only touches the 50%.

Now a few things to consider.
Your measurement or drawing might be a tad off.
Our data might be different. I know FXCM data can show slightly but minor differences in the data

+1 Reply
Is stil valid for entry?
It's up to you now beacause as you see we have gone half of the distance.. If i were you i would wait if price could move back to form something like a double top and jump in.. I hope that helps..
Nice, good luck :)
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