A potential unified gartley is setting up.
Trade plan: enter short @0.91446 with sl @0.91704(25.8 pips) and tp @0.91188(25.8 pips).
Statistics:
Over the past 20 years a pattern with these B-point and C-point ratios appears 17 times on EURGBP,30M if the swings are identified with prex(6) algorithm. The best expectancy of 0.4746 of the Risk is acheived if the entry is placed @0.9XA (limit order), stoploss is placed @1.1XA and target is equal to risk distance. Historically average RR ratio is 1.51, the probability of win is 58.82%
Comment below if you think it is a good idea to share statistics of a pattern in description. Let me know if I am to do it in future:)
Trade plan: enter short @0.91446 with sl @0.91704(25.8 pips) and tp @0.91188(25.8 pips).
Statistics:
Over the past 20 years a pattern with these B-point and C-point ratios appears 17 times on EURGBP,30M if the swings are identified with prex(6) algorithm. The best expectancy of 0.4746 of the Risk is acheived if the entry is placed @0.9XA (limit order), stoploss is placed @1.1XA and target is equal to risk distance. Historically average RR ratio is 1.51, the probability of win is 58.82%
Comment below if you think it is a good idea to share statistics of a pattern in description. Let me know if I am to do it in future:)
Order cancelled:
the pattern was invalidated.
