TomHall

EUR/GBP - 3 Gartley Patterns Setups

FX:EURGBP   Euro Fx/British Pound
408 0 13
EURGBP - 4h Chart - x3 Gartley Pattern

Here on the EUR/GBP             we have 3 potential Gartley Pattern setups (Green, Blue, Red)

Both the Green and Red Gartley Patterns have a deep B leg retracement of the X -A move into the .618%.
Having a deep .618% retracement is hugely beneficial as the D leg completion at the 1.272% is now at structure, giving a very nice risk reward.

Bearish Green Gartley Pattern - D leg completion at .7220

Bearish Blue Gartley Pattern - D leg completion at .7130

Bullish Red Gartley Pattern - D leg completion at .6934

Targets & Stop Loss
- Stop Loss below X
- Target 1 at . 382 Retracement ( Once Target 1 is achieved, half of position taken off and SL moved to break even )
- Target 2 at . 618 Retracement
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