tntsunrise
Long

EURUSD HOURLY BULLISH GARTLEY. GOOD RISK REWARD

FX:EURUSD   Euro Fx/U.S. Dollar
266 2 13
I am quite happy to entry a long
with a bottom bullish gartley

although the C point did not exceed 0.618
hence, a AB=CD move is expected , rsi already oversold

0.786 @ 1.3502
0.886 @ 1.3496
ab=cd @ 1.3493
Stop below 1.3485
Maybe a big reversal is coming
GOOD LUCK!
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I enjoy your analysis, and I think you have some really good ideas. However, this is not a Gartley pattern. The rules are not open to interpretation. They're pretty black and white. Point C needs to come in at a minimum of a 0.618 retracement of AB, and this point C doesn't even touch the 0.5 retracement. It may be a winning trade, and it may be a great pattern... but it's not a Gartley.
Reply
AS what I said, it is not a perfect Gartley. Therefore I prefer a AB=CD move, and i don't use the 1.27 AB ext. You have decent knowledge about the definition of Gartley Patter, and from what I observed, a lot of times, the pattern wont' be so perfect. Don't be too strict about the names, it is only a name, what I concern more is whether i should take this trade or not. I fully understand that Gratley pattern B and C point must hit 0.618, by the rules given by Jason Stapleton and I also take his advanced pattern course and constelation software as well. Thank you for your thoughts. Good luck
+1 Reply
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