FX:AUDUSD   Australian Dollar / U.S. Dollar
A potential unified gartley is setting up.
Trade plan: enter long@0.67089 with sl @0.66891(19.8 pips) and tp @0.67287(19.8 ‬pips).

Over the past 20 years a pattern with these B-point and C-point ratios appears 21 times on AUDUSD ,60M if the swings are identified with prex(6) algorithm. The best expectancy of 0.4166 of the Risk is acheived if the entry is placed @0.8XA(limit order), stoploss is placed @1.0XA and target is equal to risk distance. Historically average RR ratio is 1.12, the probability of win is 66.67%

Follow the updates. The pattern may become invalidated before it completes.

Comment below if you think it is a good idea to share statistics of a pattern in description. Let me know if I am to do it in future:)
Trade active
Trade closed: target reached: immediate reversal after completion.
This pattern was found by MPS-v5.5 pattern recognition software: https://mps-trade.com

Join my free trading channel: https://t.me/mpstrade

My YouTube channel: https://www.youtube.com/user/alexniquitos/
Awesome call, thanks for sharing
@moon333, welcome:)
+1 follower for the statistics :D
Hi man, nice work! Just wanted to know if I can still set a limit order for this trade? As long as the price don't go over C point before hitting limit order price, I can still place a limit order right?
A price move above the C-point invalidates this setup. If you tested it this way then you can set your orders. If you didn't test it at all then you are gambling. What if I just post some random stuff???
BenjaminVilla Alexander_Nikitin
@Alexander_Nikitin, Hasnt this setup been invalidated already because of all the side movement?
It depends on the rules that you have tested. The statistical performance that I placed into the description doesn't have this rule.
I think it is a GREAT idea for you to publish the stats for the patterns. Let's talk about real data (which you usually do - I'm talking about some other people who ignore facts) . Thanks, keep putting them into your posts.
@DocWonmug, Thank you for you support. Yes I will continue posting statistics.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out