Siyabonga_Ngcobo
Long

At market Gartley buy on the EURUSD + Video

FX:EURUSD   Euro Fx/U.S. Dollar
124 2 4
We start the week with an at market Gartley pattern on the EURUSD             . Feel free to check out this youtube video to see how you could get involved using structure long or short. https://www.youtube.com/watch?v=Gsiq5jXAs8g

Good Trading Guys
joni.rcunha
2 years ago
Hello Ngcobo! Two asks: to be a Gartley, the C leg doesn't must be at least 61.8 A-B fibo retraction and the D leg doesn't must be a 127.2 A-B fibo expansion?
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Siyabonga_Ngcobo joni.rcunha
2 years ago
Hi Joni, well the C leg has to be a minimum of 0.382 - 0.886. D point completion is at 0.786 of XA FE. It is acceptable to have a 1.27 of AB=CD to create your potential reversal zone. In my knowledge most traders i know have a distinct ratio of 61.8 for the C leg to distinguish the Gartley pattern. As long as you are following your rules and define what ratio's work with your trading plan, then all is good. the key is to backtest to see the profitability factor though.
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