akyong
Long

GBPAUD: 2618 Leading to Gartley

FX:GBPAUD   British Pound/Australian Dollar
We have a potential 2618 setup from the C point of a potential Gartley completion.

I would love to hear your opinion, feel free to comment, agree or disagree.

-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Always wanted to connect, learn and help one another throughout your trading journey? Join our community for FREE at https://www.facebook.com/groups/fxpipsology/ The only thing you need to 'pay' is your commitment to trading and sharing!

Have a great pipping week!

http://www.fxpipsology.com/
https://www.facebook.com/fxpipsology

Cheers,
KY
Chief Currency Strategist
Alpha Play Forex Trading School - www.alphaplay.com.sg
YouTube - https://www.youtube.com/user/akyong9
Facebook - https://www.facebook.com/karyong
Mincealors99
2 years ago
what does "2618" mean? Can you explain?
Reply
akyong Mincealors99
2 years ago
'2' refers to a double top or double bottom.

'618' refers to the 61.8% retracement.

so 2618 basically means we are trading the 618 retracement of a completed double bottom or double top.
Reply
FullTimeTrader
2 years ago
Thanks for the explanation, i recently know this pattern. Looking at the chart, for me that area is too choppy, i would prefer to wait for the gartley completion, there are more reason to enter a trade there.
+1 Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out