Alexander_Nikitin
Short

eurusd. potential sell.

FX:EURUSD   Euro / U.S. Dollar
a potential unified gartley is setting up. detailed stats and trading levels are on this screenshot: https://prnt.sc/tu7f4r

Note:
1) The stats are only valid if you find patterns the same way as I do

2) The stats are only valid for this financial asset and this timeframe

3) WIn% = win probability; Loss%=loss probability. Keep in mind the Loss%. It is calculated by the formula: Loss%=100%-Win%. You should read it this way: "In this trade I have a Loss% probability to lose what I am risking. Can I accept this risk?"

4) Unified Gartley variations are distinguished by the B and the C ratios (this is UG68 because the B=0. 5-0 .6 and the C=0.7-0.8)

5) In the market research I tested 0.6XA, 0.7XA, 0.8XA, 0.9XA entries/0.9XA, 1.0XA, 1.1XA, 1.2XA stops/1RR, 1.5RR, 2RR, 2.5RR, 3RR targets - total num of trading levels combinations = 80. The combination on the chart is the one that has the best RR-expectancy with win% >= 50%

6) The pattern is supposed to be traded with limit orders with pending stops and target orders. If you wait for additional confirmation (like priceaction or indicator confluence) you are adding untested variables to the equation. The result is then becomes unpredictable and you are gambling.

Comment: here's the stats block: https://prnt.sc/tuaixa
✅ This pattern was found by MPS-v5.5 pattern recognition software: https://mps-trade.com

✅ The backtest of all patterns was peformed by MPS-v5.5: https://mps-trade.com/

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

Comments

I am on the buy side. Let's see how it goes
+8 Reply
Alexander_Nikitin ProCFDTrader
@ProCFDTrader,
Look at the trading levels in description.
+1 Reply
ProCFDTrader Alexander_Nikitin
@Alexander_Nikitin, Yeah saw it
Reply
evantabraham ProCFDTrader
thast for 1D tf
Reply
sell now?
+2 Reply
Thanks mate! i too am on the short side of this pair.
+1 Reply
I think the trend is still semi bullish. Looking at previous very long bottom wick clearly we are still bullish and going up. The market still wants up! We will hit 1.19-1.20 max then going deep down. USD losing is value because of low gdp, stalled stimulus, huge unemployment, rising covid and upcoming election. Sell at 1.19!
+1 Reply
Alexander_Nikitin samuelericsss
@samuelericsss,

I doesn't matter what is the trend.
1) Historical stistics say that we have a higher probability of my targets to be hit.
2) Look at the trading levels in description. I am not look for a trend reversal here. Small decline will be enough to generate pips.
Reply
justamfitz Alexander_Nikitin
@Alexander_Nikitin, Help I’m so down on a buy
Reply
Love your description in technical analytics and make clearly for me as newbie in trading.
Reply
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