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Alexander_Nikitin
Mar 15, 2019 6:24 AM

gbpaud. UG. Short

British Pound/Australian DollarFXCM

Description

Guys, many of you mistakenly think that a unified gartley is a variation of some harmonic patterns. It is not. In order to avoid confusion I won't use triangles to draw the pattern as I did previously. I will simply place the EST on the chart. Note, that this is not a signal or recommendation to buy or sell. It is simply a demonstration of my approach.

Comment

Similar trade is setting up on #usdcad:

Trade active

#usdcad. activated sell.

Trade active

#gbpaud. activated sell.
Comments
AW2729
Trade closed, SL hit
Alexander_Nikitin
@AW2729, it depends on your broker. with my broker the low of the candle was 1.86175: prntscr.com/myl8f5
ICEKI
Thank you for the insightful suggestion =D
Alexander_Nikitin
@ICEKI, you are welcome as usual:)
ICEKI
Without your explanation, I thought unified gartley is some harmonic pattern! Strongly surprised =D
Alexander_Nikitin
@ICEKI, Here's what i am talking about. Harmonic patterns are those that have harmony in their structure. It can be equal legs (ab=cd) or equal time (30 candles and 30 candles). Unified Gartley has no harmony at all. And in majority of case it is traded the opposite way:)
ICEKI
@Alexander_Nikitin, woaaa! that amazing, appreciated your explain =D
Alexander_Nikitin
@ICEKI, you are welcome:)
Alexander_Nikitin
You are welcome to leave you comments here:)
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