RESISTANCE
Long

(EURUSD) Gartley Formation

FX:EURUSD   Euro / U.S. Dollar
115 6 2
Long
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 :(
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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.
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hatzitesla RESISTANCE
no...the B point shouldn't exceed .618 anyway your pattern is working for some reason :)
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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.
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hatzitesla hatzitesla
http://www.investopedia.com/terms/g/gartley.asp ...you are right about 0.786 im sory but I cant see the X to D ratio working at all...how did you choose 0.952?
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