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.

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KY
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
what does "2618" mean? Can you explain?
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akyong PRO Mincealors99
'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.
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