Perfect Gartley Pattern Forming on CADCHF Short

Canadian Dollar/Swiss FrancFXCM

Description

⋅ Oct 30, 2014 8:48 AM

Hello again,

A Perfect Gartley Pattern is forming on CADCHF and it is confirmed by the bearish Elliott Wave counting.

Sell Limit Orders sitting on 0.85670 with stops above the previous high at 0.86400

The Short term profit target is at the previous low at 0.83200

Comments

MehdiCharghadchi

⋅ Nov 5, 2014 2:29 PM

Good job man

Trading_Accuracy

⋅ Oct 30, 2014 10:02 AM

One ques , doesnt c should be minium 61.8 f AB legg ????????/

DavoodWadi

⋅ Oct 30, 2014 12:16 PM

Dear BhaveshRajput ,

Thank you for your comment.

It actually has to be between 0.382 to 0.886 of AB leg.

Here's a reference for this:
investopedia.com/terms/g/gartley.asp

Trading_Accuracy

⋅ Oct 30, 2014 12:25 PM

great !!!!! thnx mate ;)

DavoodWadi

⋅ Oct 30, 2014 12:26 PM

You're welcome :)

Good luck on your trading.

Trading_Accuracy

⋅ Oct 30, 2014 12:32 PM

I am not actually trading as of now ( studies on ) but have lots of interest in financial markets so want to gain as much knowledge as possible by asking u guys on trading view ( that too for free :P :D )