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).
Statistics:
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 plan: enter long@0.67089 with sl @0.66891(19.8 pips) and tp @0.67287(19.8 pips).
Statistics:
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.
