Fxprotrader

EURUSD Pending Gartleys To Conitinue The Upside Moves

FX:EURUSD   Euro Fx/U.S. Dollar
EURUSD             is still moving into a rising channel where we meet two pending gartleys. They may work back to back based on current structure giving us two great opportunities. Trading the smaller bullish one i will personally aim for the completion of the larger bearish .
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SteynTrade
5 months ago
Hi @Fxprotrader has the smaller gartley completed?
Reply
Fxprotrader TOP SteynTrade
5 months ago
Not yet..
+1 Reply
SteynTrade Fxprotrader
5 months ago
Ok, how precise does the completion have to be to be a valid pattern?
Reply
Fxprotrader TOP SteynTrade
5 months ago
Price must touch the 1.27 fib level of the AB wave
+1 Reply
SteynTrade Fxprotrader
5 months ago
Ok thanks, can it overshoot some?
Reply
Fxprotrader TOP SteynTrade
5 months ago
What do you mean?
Reply
SteynTrade Fxprotrader
5 months ago
It has not touched 1.27 but say it goes over 1.27 is the pattern still valid? and by how much can it go over?
Reply
Fxprotrader TOP SteynTrade
5 months ago
Yes od course it's valid.. It won't be if price retrace below X point. In fact i believe that after the completion price we reach the trendline representing an uptrend. From these we might see a bounce. So if you want to trade this pattern make sure you place your stoploss a little deeper than X point
+1 Reply
SteynTrade Fxprotrader
5 months ago
Great that got it. Understand now. X marks the spot :)
Reply
MyFxLife Fxprotrader
5 months ago
Hi
In gartley the CD move should be 1.272 of move BC not AB
Reply
Fxprotrader TOP MyFxLife
5 months ago
Yes that's right, my misteke.. Thank you for your comment..
Reply
Fxprotrader TOP Fxprotrader
5 months ago
*mistake
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MyFxLife Fxprotrader
5 months ago
According to this point D should be somewhere around 1.1214 but we already had 1.1188. Do you think the pattern is still valid?
Reply
SteynTrade SteynTrade
5 months ago
A valid pattern completion?
Reply
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