Akil_Stokes
Long

EURUSD: Potential Bullish Gartley & Trading Week #40 Recap

FX:EURUSD   Euro Fx/U.S. Dollar
I don’t do any active trading on Monday’s but I do make my way around my portfolio to see if there are any advanced patterns that need orders set for the day.

Here on the EURUSD             we have a potential bullish Gartley pattern coming back into a structure zone that I would like for a buying opportunity whether it was a pattern or not.

Trading Recap Week #40 “the Curse Is Over” http://tradeempowered.com/trading-recap-week-40-the-curse-is-over/

Akil Stokes
Chief Currency Analyst at Trade Empowered
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i think we can have repeated gartley patterns folks :)
Reply
Akil, I have been thinking about Mondays. With my limited knowledge the market seems to be more unstable on Mondays, then the rest of the week. Is that why you don´t put in trades on Mondays, or what is the reason?
+1 Reply
Akil_Stokes PRO johan.larsson
On Monday's the markets are still trying to figure things out in my opinion. Friday's are similar as well
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Ok, good to know, it´s not just me then :)
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This looks kinda like it should hit new lows to me judging by that second weak rally. I think it's run out of steam.
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Thanks a lot for this explication, I want to ask you a question about the stop loss

What's the value you think i should choose ?

Regards
Reply
Robson_Hayashida MahdiTaouss
In a bullish Gartley, the stop loss should be placed just below the initial point (X).
+1 Reply
MahdiTaouss Robson_Hayashida
Thank you
What's the value of the initial point (x) plz ?
Regards
Reply
Robson_Hayashida MahdiTaouss
Looking at Akil's chart, I assume the value of (X) is 1.11492.
+1 Reply
Akil_Stokes PRO MahdiTaouss
Robson is correct the stop loss should go below the "X" leg
+2 Reply
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