What's up traders, I'm currently watching the gartley 886 on EUR/GBP 15m chart.
The measurements for a valid gartley pattern are detailed below.
B: 0.618
C: 0.382 - 0.886
D: 1.13 - 1.618
Final X to D: 0.786 (0.886 due to AB=CD completion)
Gartley patterns at an 88.6% retracement of XA are unique, this is utilised when the AB=CD completion extends past the 78.6% retracement which is the standard measurement.
Checking 5m and 1h timeframe, pattern is now complete!
The measurements for a valid gartley pattern are detailed below.
B: 0.618
C: 0.382 - 0.886
D: 1.13 - 1.618
Final X to D: 0.786 (0.886 due to AB=CD completion)
Gartley patterns at an 88.6% retracement of XA are unique, this is utilised when the AB=CD completion extends past the 78.6% retracement which is the standard measurement.
Checking 5m and 1h timeframe, pattern is now complete!
Comment:
Cover trade early and place stop at break even.
Comment:
Close a part of your position, leave the remaining until price hits 0.618.
Trade should be secured with SL at break even.
Trade should be secured with SL at break even.
Trade closed: target reached:
To anyone still holding, the trade should have been closed at the 0.618 of A to D. Currently focusing on EUR/JPY.
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