eurgbp. potential sell

FX:EURGBP   Euro / British Pound
A potential unified gartley is setting up.

Pattern details and a trade plan:
Swing identificaiton: prex(6)
B-point: 0.7-0.8XA
C-point: 0.3-0.4AB
Entry(limit order): 0.85XA
Stoploss(stop order): 1.1XA
Target(limit order): 1.2 to 1 RR

Historical performance:
First bar in history: 1999/01/07 15:00:00
Total patterns found: 82
Number of winners: 47
Average winner: 10 pips
Probability of win: 57.32%
Average RR: 1.0
R-expectancy: 0.1480
Dec 30
Trade closed: target reached
✅ This pattern was found by MPS-v5.5 pattern recognition software:

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nice. huge SL wasn't necessary in the end.
@Skinwah, it wasn't necessary this time but in many other similar setups it is the optimal one.
sorrry i see, guess im not awake ..
@TheOnlyWayMP, it happens:)
is your SL TP Entrypoint right ? looks like your on a buy and not short
@TheOnlyWayMP, read the description. it says "sell with a limit order when price reaches the D-point (0.85XA)"
+1 Reply
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