a potential unified gartley is setting up.
trade plan: sell limit order @71.531 with sl @71.689 and tp @71.217
Over the past 20 years a pattern with this B and C ratios appears 19 times on this pair and this timeframe. It produces the best expectancy (+0.73) if the stop is placed at X-point and the target is twice greater than the risk. If traded with these stops and targets the probability to hit a tp is 52.63%.
A pattern becomes invalidated if price exceeds the C-point before completion.
trade plan: sell limit order @71.531 with sl @71.689 and tp @71.217
Over the past 20 years a pattern with this B and C ratios appears 19 times on this pair and this timeframe. It produces the best expectancy (+0.73) if the stop is placed at X-point and the target is twice greater than the risk. If traded with these stops and targets the probability to hit a tp is 52.63%.
A pattern becomes invalidated if price exceeds the C-point before completion.
Trade closed: stop reached:
had to take a small loss this time:)
