(EURUSD) Gartley Formation

FX:EURUSD   Euro / U.S. Dollar
115 6 2
if u placed the D point around 1.10500 it could be a butterfy in the making...for now thats not the definition of gartley :(
RESISTANCE hatzitesla
Hi, could you please specify this? For me it looks like a decent Gartley. B between 618 and 786. The only thing that bothers me with this trade is the resistance at around 1.10799.
hatzitesla RESISTANCE
no...the B point shouldn't exceed .618 anyway your pattern is working for some reason :)
RESISTANCE hatzitesla
Yes, that´s true. I just followed a trader who trades this pattern with B between 618-786 and C between 618-1. His entry depends on 1.272. If it´s far from 786, he enters at 1.272. Still don´t know if this is any profitable though.
+1 Reply
hatzitesla RESISTANCE
its very objective how you can use harmonics...but the ratios should be precise regardless of how the others are trading.
hatzitesla hatzitesla are right about 0.786 im sory but I cant see the X to D ratio working at did you choose 0.952?
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