GBPJPY: Potential Bearish Gartley

FX:GBPJPY   British Pound / Japanese Yen
331 8 14
Potential bearish Gartley!

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Smart Trading FX
Keep up the good work Rick!
+1 Reply
SmartTradingFX PateSkpate
Thanks for your kind words Kenny! You too! Ric
If treated as a bat it would provide a better risk/reward ratio. Stops would have to go beyond the spike to be safe if one would decide to do so.
+1 Reply
Nice! That's correct it would offer a better risk reward! The reason I didn't post a Bat is beacuse I'm still testing them on this pair! Thanks for the comment!
also a bat pattern if you use the last spike high.
+1 Reply
Nice! The reason I didn't post a Bat pattern is because I'm still testing them on this pair! Thanks for the comment!
Norsefx SmartTradingFX
If you trade it as a gartley and use your X as stop, you could be spiked out, and if you trade the bat, you could miss the trade if it only fills the gartley :p These types of scenarios happen from time to time.
All the time bud! I prefer the Bat as it does offer better risk reward! But as I said I'm unable to trade them at the moment until my back testing has been done and the result is positive for this particular pair!
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