FX:EURCAD   Euro / Canadian Dollar
A potential unified gartley is setting up on eurcad for the next week. The swing identification algorithm is atr(30;2.5).
Does price have a higher probability for continuation to 1.05XA after completion or for reversal to 0.522XA(same distance in opposite direction)?
I don't want you guys be spoonfeeders, that's why I leave this question unanswered and allow you to find the answer in your own market research. Type your comments below providing your numbers.
This pattern was found by MPS-v5.5 pattern recognition software: https://mps-trade.com

The backtest of this pattern was performed by MPS-v5.5: https://mps-trade.com/market-research/

My YouTube channel: https://www.youtube.com/user/alexniquitos/
Your Analysis is Awesome .

Can You Cheak My Same Analysis -


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@TRADiNG_hub, I don't say that I am going to sell here:)
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Hi Alexander, may I ask why you usually post only UG's now? Have you found them to be more reliable than other HP's?
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@thezebra, UG is not harmonic pattern. Recently I posted a butterfly advanced formation ( audcad)
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thezebra Alexander_Nikitin
@Alexander_Nikitin, You have it tagged under HP. But you did not answer my question! Why have you posted mostly UG ideas and not the HP that you did in the past. Have a good day.
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I Agree
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@FxAzerbaijan, So, you are goin to sell it. What is the probability for it to hit your tp based on your market research?
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FxAzerbaijan Alexander_Nikitin
@Alexander_Nikitin, 85% as a combined strategy.
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@FxAzerbaijan,

I was asking about naked pattern. Your answer is similar to Scott Carney's answer. He also says that the pattern has an 85% probability to show "at least some reaction". But he doesn't provide the swing identificaiton algorithm and he mentions that it depends on "trader's capability to capitalize on these reactions". Basically, what he says this: the patterns probability depends on how a trader executes and manages the trades. If execution and management is the key to probability then why do you need a pattern then.

I was asking about naked pattern. Limit order at completion. Stop at invalidation level. Target at least one to one or whatever other level. What is the probability with this simple rules? Don't repeat what others say. Tell me what you found in your own research.
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FxAzerbaijan Alexander_Nikitin
@Alexander_Nikitin, The success rate of a simple bat model in M15 is 58% for me.

I'm using Google Translate because I don't have much English. I hope you understand what I write.
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