eurgbp. unified gartley Short

Euro Fx/British PoundFXCM

Description

⋅ Sep 25, 2019 6:43 AM

A potential unified gartley is setting up.

Pattern details and a trade plan:
Swing identificaiton: prex(6)
B-point: 0.5-0.6XA
C-point: 0.7-0.8AB
Entry(limit order): 0.7XA
Stoploss(stop order): 1.1XA
Target(limit order): 1 to 1 RR

Historical performance:
First bar in history: 1999.01.04 13/00/00
Total patterns found: 75
Number of winners: 43
Average winner: 17.1 pips
Probability of win: 57.33%
Average RR: 1.01
R-expectancy: 0.1546

Trade active

⋅ Sep 25, 2019 7:29 AM

Trade closed: stop reached

⋅ Sep 25, 2019 11:04 AM

Comments

rafal_w

⋅ Sep 25, 2019 8:35 AM

You should go short on 0.88 XA, it's BAT pattern. SL 1.13 XA. TP 1 : 0.382 of CD TP 2 : 0.618

Alexander_Nikitin

⋅ Sep 25, 2019 8:55 AM

@rafal_w,

It is only a Bat for those who isn't smart enough to test patterns himself and can only take Scott Carney's words for granted.

TMayne

⋅ Sep 25, 2019 7:08 AM

I love your analysis, harmonic patterns are the most accurate market predictions I’ve come across

Alexander_Nikitin

⋅ Sep 25, 2019 7:29 AM

@TMayne, hello. my analysis doesn't have harmonic patterns... Not all triangle-looking patterns are harmonic:)