Alexander_Nikitin
Short

EURGBP. unified gartley

FX:EURGBP   Euro / British Pound
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:)
Order cancelled: the pattern was invalidated.
This pattern was found by MPS-v5.5 pattern recognition software: https://mps-trade.com

Join my free trading channel: https://t.me/mpstrade

My YouTube channel: https://www.youtube.com/user/alexniquitos/
nice job
Reply
@DaweFXHunter, thank you:)
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Sharing the statistics of the pattern is an awesome move that helps in decision making, given the fact that the market occasionally repeats itself. Doing more of this will definitely be appreciated; thank you for the qualitative content that you provide.
+1 Reply
@SageLewis, Agree:) thank you for your comment.
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